Deutsche Telekom stock forecast: Q4 Results and 2026 Guidance
Deutsche Telekom is a German telecoms group that recently reported Q4 2025 results and 2026 guidance, outlining modest revenue and EBITDA growth, continued T-Mobile US strength, and updated dividend and buyback plans. Explore third-party DTE price targets and technical analysis.
Deutsche Telekom AG (DTE) is trading around €33.23 in early European trading on 27 February 2026, moving within an intraday range of €32.82-€33.88 on Capital.com’s feed as of 8:32am UTC. The price is consolidating in the upper half of this range after recent volatility following the group’s full-year 2025 results and updated guidance. Past performance is not a reliable indicator of future results.
The stock is reacting to the publication of fourth-quarter 2025 results and 2026 guidance, which showed low single-digit group revenue and EBITDA growth, continued strong contributions from T-Mobile US, and a proposed dividend and buyback plan returning several billion euros to shareholders (Deutsche Telekom, 26 February 2026). Sentiment also reflects comments from CEO Timotheus Höttges and other executives, who criticised the European Commission’s proposed Digital Networks Act for adding regulatory ‘red tape’ while extending spectrum rights (Reuters, 26 February 2026).
Deutsche Telekom stock forecast 2026–2030: Third-party price targets
As of 27 February 2026, third-party Deutsche Telekom stock predictions cluster above the current spot level. These external forecasts reflect differing assumptions on earnings, capital returns and regulation, and do not represent guarantees of future performance.
MarketScreener (consensus overview)
MarketScreener’s DTE stock forecast consensus reports an average 12-month target price of around €37.11, based on 18 analysts, with individual estimates ranging from €33 to €44 and an overall ‘buy’ recommendation as of that date. The service states that this consensus aggregates the latest broker targets and ratings, reflecting evolving views on margins, cash flow and telecom regulation (MarketScreener, 25 February 2026).
Deutsche Bank Research (broker target)
Deutsche Bank Research reiterates its ‘buy’ rating on Deutsche Telekom with a 12-month target price of €42, noting that the target remains unchanged after the group’s fourth-quarter results and 2026 outlook. The analyst describes earnings and guidance as broadly in line with expectations and highlights a revival in the German business as part of its investment case (MarketScreener, 26 February 2026).
Bloomberg (coverage snapshot)
Bloomberg reports a broker-tracked 12-month target cluster in the mid- to high-€30s, with several large institutions at €40 or above and a prevailing ‘buy’-tilted stance across the analyst sample. The report links these targets to expectations for Germany and the US, as well as to the group’s guidance and planned data-centre and network investments (Bloomberg, 26 February 2026).
Goldman Sachs (broker rating)
Goldman Sachs maintains its ‘buy’ rating on Deutsche Telekom with a 12-month target price of €40, following the publication of the company’s latest business report. The bank links its valuation to T-Mobile US and improving growth in Germany, while also assessing the stability of operations outside the US (MarketScreener, 26 February 2026).
J.P. Morgan (broker rating)
J.P. Morgan keeps its ‘buy’ rating on Deutsche Telekom with a 12-month target price of €40. The broker bases its view on assumptions for earnings, cash generation and the strategic role of T-Mobile US within the group (MarketScreener, 26 February 2026).
Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.
DTE stock price: Technical overview
The DTE stock price trades around €33.23 as of 8:32am UTC on 27 February 2026, holding above a rising moving-average cluster, with the 20/50/100/200-day simple moving averages (SMAs) near 31.7 / 29.2 / 28.6 / 29.8. The short-term trend remains constructive, with the 20-day SMA above the 50-day SMA, while the 14-day RSI at around 66.5 sits in upper-neutral territory. The ADX near 34.9 indicates an established trend rather than a ranging market.
On the topside, the nearest classic resistance level appears around €33.46 (R3). A sustained daily close above this level could bring higher pivot levels into focus, although there is no certainty that such a move would follow through. On pullbacks, initial support aligns with the classic pivot near €27.70, while a broader support zone sits around the 100- and 200-day SMAs just below €30. A daily close below this moving-average area could expose lower pivot levels such as S1 and S2 (TradingView, 27 February 2026).
This technical analysis is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell any instrument.
Deutsche Telekom share price history (2024–2026)
DTE’s stock price has risen over the past two years, moving from the low-€20s in early 2024 to the low-€30s in early 2026. In 2024, the stock largely traded around €22, dipping towards €20.9 in April before moving higher into the summer and autumn, where it fluctuated within a €24-€29 range towards year-end.
Momentum increased in 2025 as DTE moved above €30 and extended into the mid-€30s, with several moves above €34-€35 between March and June before easing back towards €29-€31 in the autumn. After trading in a narrower €27-€28 band late in 2025, the share price moved higher again at the start of 2026, closing at about €27.8 on 2 January and reaching roughly €33.4 by 27 February 2026. This places the stock above its 2024 trading range, although past performance does not indicate future results.
Past performance is not a reliable indicator of future results.
Deutsche Telekom (DTE): Capital.com analyst view
Deutsche Telekom’s share price trades in the low-€30s in early 2026, up from the low-€20s in early 2024. The move aligns with rising profitability, a proposed €1 per share dividend for 2025 and a renewed €2bn buyback. While these steps underline a focus on capital returns, they may also increase sensitivity to any earnings or free cash flow shortfall, or to higher borrowing costs.
The group’s majority stake in T-Mobile US and continued investment in data centres and network infrastructure support its growth profile. However, reliance on a key asset and the capital-intensive nature of telecom networks may heighten exposure to competition, regulation and elevated capital expenditure.
The proposed EU Digital Networks Act seeks to streamline spectrum rules and encourage infrastructure investment, which could improve planning visibility but may also bring tighter compliance and pricing scrutiny.
Guidance for 2026 points to further growth in core profit and free cash flow after leases. Actual outcomes may differ, and factors such as interest rates, currency movements and consumer demand could influence financial performance and share-price direction. This overview is for general information only and does not constitute investment advice.
Capital.com’s client sentiment for Deutsche Telekom CFDs
As of 27 February 2026, Capital.com client positioning in Deutsche Telekom CFDs shows 92.2% buyers versus 7.8% sellers, resulting in a net long skew of approximately 84.4 percentage points. This positioning suggests that a large proportion of clients currently hold long exposure. Sentiment data reflects open positions on Capital.com at a specific point in time and can change rapidly as market conditions evolve.
Summary – Deutsche Telekom 2026
- As of 8:32am UTC on 27 February 2026, Deutsche Telekom trades near €33.23, compared with levels in the low-€20s in early 2024.
- Technical indicators show DTE above its 20/50/100/200-day SMAs, with RSI in upper-neutral territory and ADX indicating an established trend.
- Key drivers include the group’s 2025 results and 2026 guidance, capital-return plans, exposure to T-Mobile US, and developments around the EU Digital Networks Act.
- Recent reporting highlights the proposed €1 dividend for 2025, a renewed €2bn buyback programme, core profit performance, and management commentary on EU telecom regulation.
Past performance is not a reliable indicator of future results.
FAQ
Who owns the most Deutsche Telekom stock?
Deutsche Telekom’s largest shareholder is the Federal Republic of Germany, which holds a significant direct stake as well as an indirect interest through the state-owned development bank KfW. Together, these holdings give the German state substantial influence over the company. The remaining shares are held by institutional investors, asset managers and retail shareholders, with ownership levels adjusting over time as shares change hands on the open market.
What is the 5-year Deutsche Telekom share price forecast?
There is no single, agreed five-year DTE stock forecast. Most publicly available analyst estimates focus on 12-month price targets rather than multi-year projections. Longer-term expectations depend on factors such as earnings growth, capital expenditure, regulation, competition and macroeconomic conditions. Any extended forecast involves a high degree of uncertainty, and actual outcomes can differ materially from current assumptions or consensus estimates.
Is Deutsche Telekom a good stock to buy?
Whether Deutsche Telekom is considered a ‘good’ stock depends on an individual investor’s objectives, risk tolerance and time horizon. Analysts publish a range of views and price targets based on their earnings and cash-flow assumptions. However, the shares remain exposed to regulatory changes, competitive pressures and broader market risks. Market participants typically weigh potential returns against the risk of capital loss before making any investment decision.
Could Deutsche Telekom stock go up or down?
Deutsche Telekom’s share price can move in either direction, depending on company performance, sector developments and wider economic conditions. Positive earnings developments, capital-return plans or regulatory changes may influence market expectations, while weaker results, higher costs or adverse policy shifts could weigh on valuations. As with all listed equities, price movements also reflect broader market volatility and changes in investor positioning.
Should I invest in Deutsche Telekom stock?
Deciding whether to invest in Deutsche Telekom shares requires careful consideration of your financial situation, investment goals and risk appetite. Share prices can fluctuate, and you could receive back less than your initial investment. It is important to conduct your own research and, where appropriate, seek independent financial advice. This article provides general information only and does not constitute a recommendation to buy or sell any security.
Can I trade Deutsche Telekom CFDs on Capital.com?
Yes, you can trade Deutsche Telekom CFDs on Capital.com. Trading share CFDs lets you speculate on price movements without owning the underlying asset and to take long or short positions. However, contracts for difference (CFDs) are traded on margin, and leverage amplifies both profits and losses. You should ensure you understand how CFD trading works, assess your risk tolerance, and recognise that losses can occur quickly.