Deutsche Telekom "hold"

25.04.06 - ING Financial Markets

LONDON, April 25 (newratings.com) - Analyst Damien Chew of ING Financial Markets maintains his "hold" rating on Deutsche Telekom (DTEL-EUR). The target price is set to ?14.80.

In a research note published this morning, the analysts mention that Blackstone has purchased 192 million shares of Deutsche Telekom for a total consideration of ?2.68 billion. The deal is likely to exhibit that the company's stock is undervalued at present, the analyst adds.