Deutsche Telekom Price Objective, Forecasts Revised as BofA Notes 'Solid' Q3 Results, 'Elevated Volatility'

07:51 AM EST, 11/09/2026 (MT Newswires) -- BofA Global Research made adjustments to its price objective and forecasts for Deutsche Telekom (DTE.F) following the German telecommunications company's "solid" third-quarter results. "DT is operating well and with [greater than] 6% shareholder returns and EUR2.2 EPS would typically trade higher on historic multiples (supporting our constructive stance). However, it is exposed through its US mobile business [T-Mobile US] to ongoing uncertainty around the ambitions of SpaceX as a potential new entrant, meanwhile reports (Handelsblatt) suggest that DTs' CEO remains committed to a potential merger with TMUS despite significant shareholder pushback to the initial reports in April," the research firm said Monday. "At current levels we think risk/reward remains favourable but volatility is elevated too." Against this backdrop, BofA updated its estimates for the company, including reducing its projected EPS by 2.1% for 2026, 4.2% for 2027 and 7.2% for 2028, as it took into account US revisions and wider inflationary pressures. The price objective was cut to 32 euros from 36 euros, while the buy rating on the stock was retained.