Deutsche Telekom stock gets downgraded as target stays at EUR 28.10

Published on 09/25/2026 at 11:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Deutsche Telekom stock reported EUR 29.9 billion in Q2 2026 revenue, up 4.4 percent year over year. Bernstein cut its rating on September 25, 2026.

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Deutsche Telekom stock (ISIN DE0005557508) was trading at EUR 26.90 on Xetra on September 25, 2026, up 0.04 percent, while its market capitalization stood at EUR 130,142,803,098. The immediate catalyst was a Bernstein downgrade to Market-Perform, with the price target unchanged at EUR 28.10.

Bernstein changes its rating

According to Goldesel on September 25, 2026, Bernstein lowered its recommendation from Outperform to Market-Perform. The analyst house kept its EUR 28.10 target, separating a more cautious rating from an unchanged valuation level.

The target remains EUR 1.20 above the Xetra price cited in this article. The stock was also 21.71 percent below its 52-week high of EUR 34.36, giving the rating change a clear chart context.

Q2 revenue rises 4.4 percent

Deutsche Telekom reported EUR 29.9 billion in revenue for Q2 2026, a 4.4 percent increase from the prior-year quarter, according to Yahoo Finance in its September 9, 2026 report. Adjusted EPS was EUR 0.58 per share in the same quarter, supporting the earnings comparison behind the stock discussion.

Deutsche Telekom's investor-relations calendar identifies Q2 2026 as the latest published reporting period. The company also lists an AI Investor Day for October 5, 2026, followed by Q3 2026 results on November 5, 2026, according to its investor-relations calendar.

Stock stays below yearly high

At EUR 26.90, the share price stood within its EUR 23.53 to EUR 34.36 52-week range on September 25, 2026. Trading volume reached 1,414,481 shares at the quoted intraday snapshot, while the daily move remained limited to 0.04 percent.