Report
Stephane Beyazian

Deutsche Telekom : L’impact positif de TMUS se poursuit

>Objectif de cours relevé à 24 € - Nous relevons notre objectif de cours à 24 € à la suite de la performance du cours de T-Mobile US, à ses plus hauts historiques à 157 $ (impact de 2 € par action sur notre valorisation). Pour rappel, TMUS représente ~62% de la VE du groupe et près de 80% des FCF consolidés du groupe (consolidation à 100% en dépit d’une participation de 54%). Nous maintenons notre opinion Surperformance au regard (i) du potentiel de croissance des FC...
Underlying
Deutsche Telekom AG

Deutsche Telekom is engaged in the telecommunications services and information technology sectors. Co. operates as an integrated telecommunications provider. It is organized into four operating segments: Germany, Europe, and the United States; and Systems Solutions, as well as Group Headquarters and Shared Services. Co. provides fixed-network lines, broadband lines and mobile communications. Co. also provides customized Information and Communication Technology (ICT) solutions for corporate customers under the T-Systems brand. The Group Headquarters and Shared Services segment comprises cross-segment management functions, real estate services, and mobility solutions, among others.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Beyazian

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