Deutsche Bank kept Buy on United Internet stock after 1&1 deal
Published on 10/13/2026 at 10:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Deutsche Bank kept its Buy rating on United Internet after the company announced a 1&1 capital increase.
- United Internet will receive 35,352,929 new 1&1 shares at EUR 24.05 and lift its stake to 89.32 percent.
- The stock was trading at EUR 23.20 at Lang & Schwarz on October 13, 2026, 0.60 percent below the Xetra close of October 12, 2026.
- Second-quarter 2026 revenue was EUR 1.54 billion and diluted earnings per share rose to EUR 0.38 from EUR 0.29.
United Internet (ISIN DE0005089031) was trading at EUR 23.20 at Lang & Schwarz on October 13, 2026 at 10:10 a.m. CEST, 0.60 percent below the Xetra close of October 12, 2026 at EUR 23.34. FinanzNachrichten reported on October 7, 2026, that Deutsche Bank Research kept its Buy rating after United Internet announced the planned 1&1 capital increase.
Three dates shape the story
On September 24, 2026, EQS Group reported that André Driesen would become chief financial officer on November 1, 2026, replacing Carsten Theurer at the end of his contract.
On October 5, 2026, EQS News said United Internet would contribute a EUR 850,237,942.45 loan receivable and receive 35,352,929 new 1&1 shares at EUR 24.05.
On October 7, 2026, FinanzNachrichten carried Deutsche Bank Research's view that the transaction could raise United Internet's stake toward 90 percent and potentially support a later squeeze-out structure.
What does the 1&1 move change?
The planned transaction would lift United Internet's holding in 1&1 from 87.19 percent to 89.32 percent. It uses an internal loan claim rather than a cash payment, so the stated structure increases ownership while preserving United Internet's liquidity.
The latest reported operating figures provide a separate benchmark. In the second quarter of 2026, revenue was EUR 1.54 billion, while diluted earnings per share rose to EUR 0.38 from EUR 0.29 in the second quarter of 2025, according to finanzen.net. The earnings-per-share comparison gives investors a clearer operating reference than the ownership move alone.
When does United Internet report?
The next scheduled reporting date is November 12, 2026, when United Internet is due to publish its third-quarter report, as listed by EQS News. The nearer management date is November 1, 2026, when Driesen is scheduled to take over the finance role.
Stock remains below its yearly high
At EUR 23.20, United Internet was 0.60 percent below the Xetra close of October 12, 2026 at EUR 23.34. The Lang & Schwarz quote remained inside the 52-week range of EUR 22.24 to EUR 30.22 and implied a market capitalization of EUR 4.0 billion as of October 13, 2026. The further course of trading is shown by the continuously updated real-time quote of United Internet stock.
United Internet stock facts
- Company: United Internet AG
- ISIN: DE0005089031
- WKN: 508903
- Ticker: UTDI
- Primary exchange: Xetra
- Price Lang & Schwarz as of October 13, 2026, 10:10 a.m. CEST: EUR 23.20
- Change versus Xetra close: minus 0.60 percent
- Xetra close October 12, 2026: EUR 23.34
- Market capitalization: EUR 4.0 billion as of October 13, 2026
- 52-week range: EUR 22.24-EUR 30.22 as of October 13, 2026
- Sector / Industry: Communication Services / Telecommunications Services
- Index membership: MDAX and TecDAX
- Next earnings date: November 12, 2026
Market context: Market report DAX.
