Deutsche Telekom’s stock teeters on the edge of a €26 collapse
Investors are on edge as Deutsche Telekom shares hover dangerously close to a critical €26 mark. The question looms: will this psychologically important level hold, or is a full-blown collapse imminent?
The share price is precariously close to its annual low, with each recovery attempt fizzling out. Analysts see significant upside potential, with average target prices nearing €40. However, the market is ignoring these projections and continuing to sell. Every attempt at recovery is swiftly sold off, with the stock dangerously close to a critical threshold. There's no indication that an analysis agency published a report on 7 November, providing specific recommendations for shareholders.
Deutsche Telekom shares hit a new 52-week low of €26.00 on Monday, raising concerns about a potential collapse. The market's disregard for analysts' optimistic projections adds to the uncertainty.