Deutsche Telekom AG (XETRA: DTE, “Deutsche Telekom” or “Telekom”) is trading slightly lower on Thursday, 27 November 2025, even as the German blue‑chip index continues its cautious recovery. Around midday in Frankfurt, the share price was hovering in a narrow range around €27.50–27.60, down roughly 0.3–0.5% from Wednesday’s close of €27.65 and sitting about 21% below its 52‑week high of €34.89. [1]
The subdued price action comes on a news‑heavy day for the stock: Bernstein Research has lowered its price target but kept an Outperform rating, fresh articles highlight Telekom’s attractive dividend and technical “short” signal, the group is in the spotlight for new 6G research milestones and network expansion, and a court ruling has pushed back against an app‑only strategy at its Congstar brand. [2]
Deutsche Telekom share price today: red while the DAX creeps higher
According to the company’s own homepage, Deutsche Telekom’s share was quoted at €27.50 at 12:31 p.m. CET, a decline of €0.15 or 0.54% on the day. [3] Market data from other real‑time venues such as Börse Stuttgart and Lang & Schwarz show very similar levels between €27.55 and €27.60 late in the morning, likewise pointing to a modest loss of roughly 0.3–0.5%. [4]
An automatically generated market brief from WELT notes that the stock started today’s session with a small minus at €27.58, versus the previous close of €27.65 (‑0.25%). It also reiterates the current 52‑week trading range of €26.00–34.89, putting the share about 20.95% below its 12‑month high and only moderately above the low. With a market capitalisation of roughly €138 billion, Deutsche Telekom is currently the fifth‑largest constituent of the DAX, with an index weight of around 6.6%. [5]
The wider market backdrop is mildly supportive: dpa‑AFX reports that the DAX index extended its recent rebound on Thursday, gaining around 0.2–0.4% by midday to trade near 23,780–23,820 points, pushing its weekly gain above 3%. [6] Against that, Telekom’s slight decline means the stock is underperforming the broader index today.
Bernstein trims price target to €37 – but stays bullish
The main broker headline for Deutsche Telekom on 27 November comes from Bernstein Research. In several dpa‑AFX and MarketScreener summaries, the U.S. research house is reported to have cut its price target for Deutsche Telekom from €40 to €37, while leaving its rating at “Outperform” (Buy). [7]
Analyst Ottavio Adorisio argues that Telekom’s shares have come under pressure in 2025 amid investor worries about intensifying competition in the U.S. market and muted prospects for the German broadband business. However, he expects cost headwinds in Germany from labour and energy to ease and broadband growth to continue, and he views Elon Musk’s Starlink as an unlikely large‑scale competitive threat in Telekom’s core U.S. mobile market. [8]
With the stock around €27.50, Bernstein’s revised €37 target still sits roughly one‑third above the current price, implying about 34% theoretical upside based purely on that target (no guarantee, of course, that the share price will reach it). [9] Other November notes from banks such as UBS, DZ Bank and Deutsche Bank have also leaned positive (Buy/Outperform), underlining that consensus on the name remains broadly constructive despite the near‑term pull‑back. [10]
Dividend remains a key pillar: record €1 per share planned
A big part of today’s conversation around Deutsche Telekom is its dividend story.
In mid‑November, the group reported Q3 2025 results broadly in line with expectations and nudged its full‑year guidance higher. Adjusted EBITDA after leases (EBITDA AL) for the quarter came in at €11.1 billion, matching the company‑compiled analyst consensus. Management now expects around €45.3 billion of core profit for 2025 and about €20.1 billion of free cash flow after leases, compared with previous guidance of €45 billion and “more than €20 billion” respectively. [11]
On the shareholder returns side, Deutsche Telekom plans to propose a record dividend of €1.00 per share for the 2025 financial year, up from €0.90 for 2024, and has flagged a share buyback programme of up to €2 billion in 2026, subject to the usual approvals. [12]
At today’s price around €27.50, that €1.00 payout equates to a forward dividend yield of roughly 3.6% before taxes. [13] It’s therefore no surprise that an article from DER AKTIONÄR running under the title “Deutsche Telekom: 5 Fakten zur Dividende” highlights the stock’s appeal as a yield play, noting that although the chart has cooled after a strong prior year, the DAX constituent remains particularly interesting for investors because of its reliable and rising distributions. [14]
Network expansion: 145 new mobile sites and dense 5G coverage
Operationally, Deutsche Telekom is still investing heavily in its core networks, and this is visible in today’s local news flow.
Tech site mobiFlip reports that Telekom switched on 145 new mobile sites in October and expanded or upgraded coverage at hundreds of existing locations across Germany, continuing its brisk pace of LTE and 5G roll‑out. [15]
A separate overview of the company’s 2025 network metrics notes that 5G is now available to roughly 98.8% of German households, while Telekom’s fiber‑optic network passes about 11.8 million homes – numbers that underline the scale of the infrastructure it is building and maintaining. [16]
These expansion efforts are not just about coverage; they also tie into longer‑term revenue opportunities, especially in enterprise connectivity, cloud and industrial IoT – all of which are highlighted in Telekom’s recent results presentations and investor materials. [17]
6G‑TakeOff: Deutsche Telekom at the forefront of next‑generation networks
Beyond 5G, Deutsche Telekom is increasingly visible in 6G research – and that too is part of today’s story around the stock.
An in‑depth feature in Telco Magazine, published on 27 November, looks at the completion of the “6G‑TakeOff” project, a three‑year research initiative funded by Germany’s Federal Ministry of Research, Technology and Space. Deutsche Telekom and O2 Telefónica were among 19 partners from telecoms, aerospace, academia and manufacturing that worked on the project. [18]
According to the article, 6G‑TakeOff focused on so‑called “3D networks”: architectures where traditional ground‑based base stations are complemented by UAVs and satellites acting as additional cells. Demonstrators at the University of Bremen combined terrestrial towers, drones and satellite hardware to test handover in multi‑layer networks, mobile edge computing (MEC) in non‑terrestrial environments, and advanced beamforming to maintain high‑capacity links to moving platforms. The consortium has already filed seven patent applications, and the findings are expected to feed directly into 3GPP’s early 6G standardisation work. [19]
On Telekom’s own website, the company highlights this 6G research alongside other strategic initiatives such as its planned industrial AI cloud in partnership with Nvidia and ambitions to build “Europe’s most modern AI factory” in Germany – all framed as part of a broader push for European digital and AI sovereignty. [20]
Growing market for network slicing supports the long‑term thesis
Another piece of today’s industry news with indirect relevance for Deutsche Telekom concerns the 5G network slicing market.
In a new forecast reported by Telecoms.com, consultant ABI Research predicts that global revenues from network slicing could rise from about $6.1 billion in 2025 to $67.5 billion by 2030, implying an eye‑catching compound annual growth rate of around 70%. One of the reasons ABI revises its forecast so sharply higher is the concerted effort by carriers such as China Mobile, Deutsche Telekom and T‑Mobile US to monetise slicing services, supported by a growing installed base of 5G standalone‑capable smartphones. [21]
For Deutsche Telekom shareholders, this doesn’t translate into immediate profit numbers today, but it does underscore how the company’s extensive 5G and upcoming 6G investments could plug into a rapidly expanding ecosystem of premium, software‑defined network services over the next decade.
Legal & regulatory backdrop: court stops Congstar app‑only push (for now)
Not all the news today is about towers and technology. In the consumer‑protection arena, Telekom is facing a setback over its digital strategy at discount brand Congstar.
Tech portal inside digital reports that the German consumer federation (vzbv) successfully sued Telekom Deutschland GmbH, which operates Congstar, over a push to migrate customers to an app‑only service model. Congstar had placed a prominent splash screen in front of the “meincongstar” web login in 2024, telling users that the online portal would be shut down from summer 2025 and urging them to switch to the Congstar app. [22]
The Regional Court of Cologne has now ruled that this approach is misleading as long as Congstar’s terms and conditions still promise customers 12 months of PDF invoices retrievable via the web portal. In plain language: Telekom may not tell affected customers that the web portal is about to be switched off and nudge them into the app if the contract explicitly guarantees browser‑based access. Any violation can trigger significant penalty payments. [23]
Short term, the judgement means existing Congstar customers must keep a non‑app way to access their documents, and any future switch to an app‑only model would require amended terms, transparent communication and transition periods. The ruling does not completely forbid app‑centric strategies, but it highlights the need for Telekom to align digitalisation moves with contract law and consumer expectations, which can have both cost and reputational implications. [24]
Technical picture: “1234er short” signal and near‑term pressure
Alongside the fundamental story, Deutsche Telekom’s technical setup is getting attention today.
In a lunchtime chart check, finanzen.net notes that on 17 November 2025 a technical pattern known as the “1234er short” signal was triggered for Deutsche Telekom, which they classify as a short‑side signal in their system. The article points out that the stock had “most recently suffered losses” and cites a Xetra price of €27.57 on 27 November, down about 0.3% on the day at the time of publication. [25]
Combining this with the WELT data – 52‑week high at €34.89 and low at €26.00 – the stock is currently trading closer to the lower end of its 12‑month range but still comfortably above the lows, reflecting a period of consolidation after strong gains earlier in the year. [26]
On valuation, several independent data providers put Deutsche Telekom’s trailing P/E ratio in the low double digits (roughly 11–13x), a level that many analysts see as undemanding for a company with stable cash flows and visible dividend growth. Some platforms that model “fair value” explicitly describe the shares as undervalued at current prices, even after the recent slowdown. [27] That said, technical signals like the “1234er short” suggest short‑term downside risks remain on traders’ radar. [28]
What today’s news means for Deutsche Telekom shareholders
Putting all of 27 November’s developments together, several themes emerge for investors watching Deutsche Telekom:
- Share price and index context
- The stock is slightly down on the day, around €27.50–27.60, and lagging a modestly rising DAX, which has added more than 3% so far this week. [29]
- Analyst sentiment
- Bernstein’s downgrade of the price target from €40 to €37 tightens expectations but still implies significant potential upside and preserves an Outperform/Buy stance. Combined with other recent positive ratings, this signals a broadly supportive analyst backdrop, though with greater focus on competitive and regulatory risks. [30]
- Income case
- The company’s plan for a record €1.00 dividend per share, on top of a proposed €2 billion buyback in 2026, underpins a solid yield in the mid‑3% range at current prices and positions Deutsche Telekom as a core income name in the DAX. [31]
- Growth and innovation drivers
- Ongoing 5G and fiber expansion, 6G‑TakeOff research, and the planned industrial AI cloud with Nvidia strengthen the long‑term narrative of Telekom as a critical digital infrastructure and AI player in Europe, with additional upside from future revenue streams such as network slicing. [32]
- Risks and constraints
- Today’s Congstar court ruling shows that Telekom’s digitalisation efforts can be slowed by consumer‑protection law, while Bernstein’s commentary underscores concerns about U.S. competition and German broadband growth. Short‑term technical signals and the share’s position below its 52‑week high likewise highlight potential for volatility. [33]
For now, 27 November 2025 looks like a day where Deutsche Telekom’s fundamental story remains intact and arguably strengthened by fresh innovation news and a very visible dividend case, even as technical traders and legal headlines inject a note of caution into the short‑term picture.
References
1. www.telekom.com, 2. www.finanzen.net, 3. www.telekom.com, 4. www.boerse.de, 5. www.welt.de, 6. www.onvista.de, 7. www.marketscreener.com, 8. www.finanznachrichten.de, 9. www.telekom.com, 10. www.finanzen.at, 11. www.reuters.com, 12. www.telekom.com, 13. www.telekom.com, 14. www.finanznachrichten.de, 15. www.mobiflip.de, 16. telecomlead.com, 17. www.telekom.com, 18. telcomagazine.com, 19. telcomagazine.com, 20. www.telekom.com, 21. www.telecoms.com, 22. www.inside-digital.de, 23. www.inside-digital.de, 24. www.inside-digital.de, 25. www.finanzen.net, 26. www.welt.de, 27. companiesmarketcap.com, 28. www.finanzen.net, 29. www.telekom.com, 30. www.finanzen.net, 31. www.reuters.com, 32. telecomlead.com, 33. www.inside-digital.de
