Telekom stock: Barclays cuts target for Telekom stock to EUR 32.00. It falls 1.44 percent.

Published on 10/21/2026 at 15:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are due November 5, 2026. Telekom stock costs EUR 25.35 on October 21, 2026, 1.44 percent below the Xetra close.

Analyst target and reporting date

Barclays cut its Deutsche Telekom target from EUR 35.00 to EUR 32.00 on October 20, 2026.
Second-quarter 2026 revenue reached EUR 29.93 billion, up 4.40 percent year over year.
Telekom stock costs EUR 25.35 at Lang & Schwarz on October 21, 2026 at 3:30 p.m. CEST, 1.44 percent below the Xetra close of October 20, 2026, and 26.22 percent below the 52-week high.
Deutsche Telekom will publish third-quarter 2026 results on November 5, 2026.

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Barclays cut its Deutsche Telekom target from EUR 35.00 to EUR 32.00 while retaining an Overweight rating in a note dated October 20, 2026, as reported by finanzen.at. The target stands 26.23 percent above the EUR 25.35 price. At Lang & Schwarz, the stock was trading at EUR 25.35 on October 21, 2026 at 3:30 p.m. CEST, down 1.44 percent versus the Xetra close of October 20, 2026 at EUR 25.72.

Operating growth remains visible

Deutsche Telekom's second-quarter 2026 net revenue reached EUR 29.93 billion, an increase of 4.40 percent from the prior year. Adjusted net profit rose 11.10 percent to EUR 2.78 billion, while adjusted EBITDA after leases increased 7.50 percent to EUR 11.82 billion, according to Admirals, which cited the company's second-quarter release dated August 6, 2026.

Stock sits below its yearly high

The EUR 25.35 price is EUR 9.01 below the 52-week high of EUR 34.36 and EUR 1.82 above the 52-week low of EUR 23.53. Deutsche Telekom's market capitalization is EUR 121.9 billion, and its price to earnings ratio is 14.27 as of October 21, 2026. These figures place the current quotation closer to the yearly low than the yearly high.

Results date is November 5

Deutsche Telekom lists the publication of third-quarter 2026 results for November 5, 2026, followed by fourth-quarter and full-year 2026 results on February 25, 2027, on its investor-relations page. The November release is the next scheduled company date and should provide a fresh comparison with the second-quarter growth figures.

Analyst target remains above price

Barclays retained its Overweight rating despite the target cut, citing technology risks linked to satellite connectivity and agentic artificial intelligence. The EUR 32.00 target leaves a calculated 26.23 percent distance above the Lang & Schwarz price, while the current quotation is 26.22 percent below the 52-week high.

Price remains under pressure

The stock was trading at EUR 25.35 at Lang & Schwarz on October 21, 2026 at 3:30 p.m. CEST, 1.44 percent below the Xetra close of October 20, 2026 at EUR 25.72. The further course of trading is shown by the continuously updated real-time quote of Telekom stock.