Deutsche Telekom "add"

24.02.06 - Dresdner Kleinwort Wasser.

LONDON, February 24 (newratings.com) - Analysts at Dresdner Kleinwort Wasserstein maintain their "add" rating on Deutsche Telekom (DTEL-EUR). The target price is set to ?17.

In a research note published this morning, the analysts mention that the company is likely to post its Q4 results broadly in-line with expectations. The analysts expect Deutsche Telekom to offer healthy dividends for 2005. The likely write down of goodwill at Deutsche Telekom's T-Mobile UK segment would not adversely affect the company's 2005 dividend, Dresdner Kleinwort Wasserstein believes.