Deutsche Telekom's 52-Week Low: Strong Earnings Can't Shield Against a Quadruple Threat
30.06.2026 - 17:57:26 | boerse-global.de
Deutsche Telekom's stock has hit a brutal milestone, sinking to a fresh 52-week low of €23.78 on Tuesday, even as the company posts double-digit earnings growth. The shares closed at €23.81, down 4.19% on the day, with a relative strength index of 20.5 — deep in oversold territory. Year-to-date, the stock has shed roughly 15%, and it now sits nearly 31% below its 52-week peak of €34.35.
The latest leg down comes as a price-support mechanism vanishes. A second tranche of the company’s €2 billion buyback program, worth up to €550 million, ended on schedule. During the week of June 22 to 26 alone, Deutsche Telekom repurchased 1,716,182 shares at an average price of €26.27, providing a steady bid that is now gone. The group has not disclosed when the next tranche will begin.
Compounding that is swirling speculation about the corporate structure. Reports have surfaced that the Bonn-based group may merge T-Mobile US with the parent company into a new holding entity. While Deutsche Telekom has not commented, analysts at UBS warn that the uncertainty over the transaction's costs and structure is weighing on both stocks. Separately, Comcast's plan to spin off its media and network businesses into two listed companies has stoked fears of a more competitive landscape for T-Mobile US.
Should investors sell immediately? Or is it worth buying Deutsche Telekom?
Then there is the satellite threat. SpaceX is reportedly planning to launch a direct-to-consumer mobile service via Starlink, directly challenging T-Mobile US — the subsidiary that contributes roughly two-thirds of group revenue. Amazon's Project Kuiper and AST SpaceMobile are also gaining traction. UBS sees the fears as overblown for now but acknowledges that the growing market readiness of satellite internet providers adds a layer of risk to infrastructure spending and rural market share.
None of this is being driven by operational weakness. In the first quarter of 2026, Deutsche Telekom reported organic revenue growth of 4.7% to €29.9 billion and adjusted EBITDA AL up 7.5% to €11.5 billion. Management responded by raising its full-year guidance: it now targets around €47.5 billion in adjusted EBITDA AL and more than €19.8 billion in free cash flow AL. On the ground, the company activated 83 new mobile sites in May, upgraded 677 others, and added 173,000 new fiber connections, pushing the total to 13.4 million.
Insiders have tried to send a signal. Rodrigo Francisco Diehl, a board member, bought 2,000 shares on June 29 at €24.64. Yet the market has not budged. UBS reaffirmed its buy rating with a price target of €36.60, arguing that an official denial of the merger plan or clarity on the strategic direction could trigger a short-term recovery. Until then, the stock is caught between a lapsed buyback, unresolved M&A chatter, and a satellite competitor that refuses to fade from headlines.
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