UBS confirms its Buy recommendation on the share and leaves its target price unchanged at E26.6, which represents a potential upside of 19%.

' Fourth-quarter forecasts are in line with continued solid growth. Shares remain cheap and do not yet reflect a doubling of FCF over the 2021-24E period. Deutsche Telekom offers shareholders an annual return of 6%' says the analyst firm.

For fiscal 2024, Deutsche Telekom is targeting adjusted EBITDAAL up 6% to around €42.9 billion, with adjusted EPS exceeding €1.75.

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