Deutsche Telekom focuses on T Mobile US control, shares under pressure in the DAX
23.06.2026 - 07:49:08 | ad-hoc-news.de
By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-23, 07:45.
Deutsche Telekom (DE0005557508) is drawing renewed attention in Frankfurt as investors digest reports about a potential full takeover of T-Mobile US and a recent rating upgrade to A- by Fitch, while the shares remain weak within the DAX.
What Fitch and Wall Street Journal report
Fitch Ratings lifted Deutsche Telekom’s long-term issuer default rating from BBB+ to A- with a stable outlook on 22 June 2026, citing strong cash flows at T-Mobile US and disciplined financial policy. In its rationale the agency highlighted an expected adjusted EBITDA AL of roughly 47.5 billion euros by 2026 and solid deleveraging capacity.
At the same time, a Wall Street Journal report signaled that CEO Tim Höttges is working on options to acquire the remaining minority stake in T-Mobile US, in which Deutsche Telekom already holds a controlling majority. According to this report, management is weighing a mix of cash and shares to reach full ownership, which has revived concerns over additional debt and possible equity dilution.
How the shares trade on Xetra
On Xetra the Deutsche Telekom shares recently touched a fresh 52-week low of 25.71 euros before recovering slightly to close around 26.15 euros, leaving the stock roughly 16 percent lower year-to-date and about 24 percent below the February high. Technical indicators such as the Relative Strength Index have slipped into oversold territory near 29, while chart analysts see the next major support zone only around 22.40 euros.
Despite the slide, broker consensus compiled by MarketScreener still indicates a median price target near 38 euros, implying meaningful upside from current levels should the strategic plan around T-Mobile US and the balance sheet develop as expected. In the DAX sector context, the stock is now trailing European telecom peers such as Vodafone and Orange, which have held up better in recent weeks.
All news and analysis on the Deutsche Telekom shares
Background on strategy, balance sheet and the latest price data for the Deutsche Telekom shares can be found bundled in the company topic overview.
How Deutsche Telekom earns its money
Deutsche Telekom generates the bulk of its revenue in Germany, the rest of Europe and the United States through mobile and fixed-line services, broadband, TV and corporate IT solutions. A central growth driver remains T-Mobile US, which has become one of the three largest mobile operators in the United States after the Sprint merger.
Where the shares trade today
The Deutsche Telekom shares (DE0005557508) last traded on Xetra at 26.15 euros on 2026-06-22, 17:45, according to exchange data, after marking an intraday low at 25.71 euros.
Key data on the Deutsche Telekom shares
- Company: Deutsche Telekom AG
- ISIN: DE0005557508
- WKN: 555750
- Ticker: DTE
- Trading venue: Xetra
- Price (as of 2026-06-22, 17:45): 26.15 EUR
- Market cap: around 130 billion EUR (as of 2026-06-22)
- Sector / industry: Telecommunications services
- Index membership: DAX
- Next earnings date: 2026-08-08
This article is for informational purposes only and does not constitute investment advice, investment recommendation or an offer or solicitation to buy or sell any financial instrument. Investors should conduct their own research and consult a qualified advisor before making investment decisions.
