Deutsche Telekom shares steady amid US results and China export controls

Deutsche Telekom’s share price hovered around €26.4, finding technical support near €25.9 after a week of mixed performance – a 3.5% loss followed by a modest 1.5% gain. The stock has shown modest recovery from a long‑term downtrend, though it remains below its 200‑day average.

Investors weigh two contrasting factors: the solid cash‑flow contribution from its U.S. subsidiary T‑Mobile US against growing concerns over satellite‑internet competition from Starlink. Additionally, recent Chinese export‑control measures affecting European firms, including Rheinmetall, gave a brief boost to Deutsche Telekom’s market sentiment. Analyst Robert Grindle of Deutsche Bank Research retained a buy rating with a €40 target, while the company’s own Q2 earnings are scheduled for release on 6 August.