United Internet (ETR:UTDI) Stock Upgrade
The equities rating of United Internet (ETR:UTDI) shares was raised by research analysts at Deutsche Bank AG to a respectable “Buy” rating in a note released on Thursday morning. The firm Deutsche Bank AG has a EUR 50.00 PT on the stock. Deutsche Bank AG’s PT provides a possible downside of -1.63%.
From a total of 15 analysts covering United Internet (ETR:UTDI) stock, 12 rate it a ”Buy”, 2 a “Sell”, and 1 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is €57 while the lowest target price is €38.80. The mean of all analyst targets is €50.81 with a -0.02% below today’s (€50.82) stock price. United Internet was the topic of 30 analyst reports since July 8, 2015 according to the firm StockzIntelligence Inc. Bankhaus Lampe upgraded shares on December 2 to “Buy” rating. Deutsche Bank upgraded shares to “Buy” rating and €50 target share price in a report from a November 18. Independent Research maintained UTDI stock in a recent report from November 18 with “Hold” rating. Commerzbank upgraded the rating on November 18. Commerzbank has a “Buy” rating and a €55 price target on shares. Finally, Equinet upgraded the stock to “Accumulate” rating in a report issued on a November 18.
The stock increased 0.43% or EUR 0.22 on December 16, striking EUR 50.82. Approximately 305,824 shares of stock traded hands. United Internet AG (ETR:UTDI) has risen 29.99% since May 20, 2015 and is uptrending. It has outperformed by 32.61% the S&P500.
United Internet AG is a Germany-based Internet service well-known provider and holding firm of the United Internet Group. The company has a market cap of 10.11 billion EUR. The Company’s products and technical services are divided into two key divisions. It has 23.6 P/E ratio. The Access segment comprises narrowband, broadband and mobile access subscriptions, including the corresponding applications.