T-Mobile US Price Hikes and Buyback Propel Deutsche Telekom to Weekly Gain

Stock reclaims €26 as JPMorgan reiterates Overweight with €40 target; T-Mobile US raises plan prices, buyback supports.

Deutsche Telekom shares jumped 3.72% on Friday to €26.23, reclaiming the €26 level for the first time in several sessions as a price increase at its US wireless subsidiary and fresh analyst endorsements converged to lift sentiment. The move pushed the stock to a 4.09% weekly gain, providing some relief after a prolonged slide that had left the shares 7.90% lower over the past 30 days.

The catalyst came from T-Mobile US, the Bonn-based group’s most profitable division, which is pushing existing customers toward higher-priced 5G plans. Mobile-phone subscribers will pay roughly $4 more per line on average, while certain fixed-wireless broadband tariffs are rising by as much as $6. Analysts interpret the move as a clear signal that the company intends to widen margins in its largest earnings engine. Alongside the repricing, T-Mobile US is reorganising its leadership: Chris Sambar will assume the role of chief enterprise officer by 14 October 2026, and André Almeida becomes chief marketing, brand and broadband officer.

JPMorgan reiterated its “Overweight” rating on Deutsche Telekom on Friday with a price target of €40, implying roughly 53% upside from the current level. Analyst Akhil Dattani pointed to a “historic valuation gap” between the stock’s depressed price and its fundamental value, arguing that double-digit earnings-per-share growth makes the equity compelling despite strategic uncertainties that have weighed on the name in recent quarters. The broader analyst community is also bullish: 17 analysts rate the stock a “Strong Buy”, with a consensus target of €37.69. Morningstar has upgraded its assessment to five stars and values the American depositary receipt at $44.

The rally has widened the distance from the stock’s 52-week low of €23.54, touched on 30 June 2026. Since that trough, the shares have clawed back 11.43%. Still, they remain nearly 24% below the 52-week high of €34.35 reached in late February. On a year-to-date basis, Deutsche Telekom is down 5.88%, and over the past twelve months the loss stands at 14.28%.

Technically, the stock still trades below all its major moving averages — the 50-day at €27.38, the 100-day at €29.31 and the 200-day at €28.68 — but the relative strength index of 48.9 signals a neutral posture, having unwound the oversold readings of prior weeks. Annualised 30-day volatility of 31.74% points to continued elevated swings. Chartists see the €26.00–€26.18 zone as a short-term hurdle, with further resistance near €26.50 and then at the moving averages, while support sits in the €23.13–€23.47 band.

An ongoing €2 billion share buyback programme is providing a backstop for the stock. During the first week of July, Deutsche Telekom repurchased 908,705 of its own shares at an average price of €24.74. Analysts note the programme has offered support during pullbacks, and combined with the US price hikes, it helps shore up the equity as the group approaches its next major catalyst: second-quarter earnings due on 6 August 2026. The full-year earnings-per-share consensus stands at €2.23.

Dattani cautioned that a sustained improvement in the news flow could still take several quarters, as uncertainties around SpaceX’s satellite-internet ambitions and speculation about a potential US merger involving T-Mobile US continue to hang over the stock. For now, the combination of aggressive pricing power at its core US unit, a supportive buyback, and a broad analyst buy signal has given investors a reason to step back in.