Deutsche Telekom hit by analyst downgrade as SpaceX competition worries grow

Barclays lowered its price target for Deutsche Telekom AG, citing new risks that could affect the German telecom group's valuation. The downgrade follows reports that SpaceX is increasing interest in the U.S. mobile market, where Deutsche Telekom holds a 54% stake in T‑Mobile US.

Investors have reacted to the mixed outlook: the share price rose 1.64% to €24.24 after a recent 3.9% drop, while analysts debate the potential financial impact of a full takeover of T‑Mobile US and heightened competition from SpaceX’s Starlink satellite service. Deutsche Telekom’s core operations remain robust, but uncertainty around the U.S. subsidiary and the emerging satellite‑mobile competition is creating volatility in the stock.

The company continues to rely on its stable recurring revenue from broadband, mobile and enterprise services, while weighing strategic decisions about further investment in its U.S. business amid the evolving competitive landscape.