Deutsche Bank keeps Buy rating for United Internet stock
Published on 10/20/2026 at 11:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSLeadership and operating metrics
- Deutsche Bank maintained its Buy rating on October 7, 2026.
- IONOS revenue rose to EUR 701.10 million in the first half of 2026.
- United Internet stock trades at EUR 24.01 at 11:04 a.m. CEST at Lang & Schwarz on October 20, 2026, minus 0.21 percent versus the Xetra close of October 19, 2026.
United Internet (ISIN DE0005089031) was trading at EUR 24.01 at Lang & Schwarz on October 20, 2026 at 11:04 a.m. CEST, minus 0.21 percent versus the Xetra close of October 19, 2026 at EUR 24.06. On October 7, 2026, Deutsche Bank analyst Gareth Davies maintained a Buy rating on the stock, as Markets Insider reported.
Capital allocation remains central
United Internet's latest corporate action involved 1&1, its listed subsidiary. On October 6, 2026, 1&1 increased its share capital by 20 percent through a share issue to United Internet, according to MarketScreener. The transaction reinforces the group's role as a capital provider while keeping the operating performance of its subsidiaries in view.
In the first half of 2026, 1&1 service revenue reached EUR 1.805 billion, up 1.10 percent year over year, while EBITDA rose 5.10 percent to EUR 382.70 million. The figures came from the company's earnings call transcript carried by Yahoo Finance.
What does growth mean for margins
IONOS was the faster-growing operating unit in the same period, with revenue of EUR 701.10 million, an increase of 6.90 percent. Its EBITDA rose 2.60 percent to EUR 232.60 million, leaving a 33.20 percent EBITDA margin. Mail and Media revenue increased 8.40 percent to EUR 161.40 million, while its EBITDA climbed 16.70 percent to EUR 62.90 million, according to Yahoo Finance. The contrast points to IONOS as the main growth engine, while Mail and Media supplied the strongest reported EBITDA expansion.
Three milestones shape the record
On August 6, 2026, first-half results showed IONOS revenue of EUR 701.10 million, according to Yahoo Finance. On September 24, 2026, United Internet announced a management board change, as listed in the company's United Internet investor-relations news. On October 7, 2026, Deutsche Bank maintained its Buy rating, according to MarketScreener.
Next reporting date is November 11
The next substantiated event is the third-quarter 2026 earnings release scheduled for November 11, 2026, according to MarketScreener. For investors, the key question is whether IONOS can keep its 6.90 percent first-half revenue growth while group capital remains committed to network and subsidiary expansion.
Stock holds near EUR 24
United Internet stock was trading at EUR 24.01 at Lang & Schwarz on October 20, 2026 at 11:04 a.m. CEST, minus 0.21 percent versus the Xetra close of October 19, 2026 at EUR 24.06. The finance quote showed a market capitalization of EUR 4.2 billion and a 52-week range of EUR 22.24 to EUR 30.22 as of October 20, 2026. The further course of trading is shown by the continuously updated real-time quote of United Internet stock.
United Internet stock facts
- Company: United Internet AG
- ISIN: DE0005089031
- Ticker: UTDI
- Primary exchange: Xetra
- Price Lang & Schwarz (as of October 20, 2026, 11:04 a.m. CEST): EUR 24.01
- Change versus Xetra close: minus 0.21 percent
- Xetra close (October 19, 2026): EUR 24.06
- Market capitalization: EUR 4.2 billion (as of October 20, 2026)
- 52-week range: EUR 22.24-EUR 30.22 (as of October 20, 2026)
- Sector / Industry: Communication Services / Integrated Telecommunications Services
- Next earnings date: November 11, 2026
Market context: Market report DAX.
