5 Best German Stocks to Buy Now

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In this article, we will look at 5 best German stocks to buy now. If you want to explore more German stocks, you can also read 10 Best German Stocks to Buy Now.

5. Deutsche Telekom AG (OTC:DTEGY)

Deutsche Telekom AG (OTC:DTEGY) provides integrated telecommunication services. The company operates through five segments: Germany, United States, Europe, Systems Solutions, and Group Development. Deutsche Telekom AG (OTC:DTEGY) is one of the largest telecommunications providers in Europe by revenue.

On August 1, Kepler Cheuvreux analyst Andrei Dragolici re-initiated coverage of Deutsche Telekom AG (OTC:DTEGY) with a Buy rating and a EUR 27.20 price target. The analyst noted that the company’s free cash flow yield is expected to grow to over 13% by 2024, from 8% in 2022, and sees Deutsche Telekom AG (OTC:DTEGY) well positioned to gain more market share in the German and U.S. markets.

Deutsche Telekom AG (OTC:DTEGY) is an undervalued dividend-paying German stock that should be on investors’ radars that are exploring the German market. As of August 3, Deutsche Telekom AG (OTC:DTEGY) has a trailing twelve-month PE ratio of 12.68 and is offering a forward dividend yield of 3.62%, which the company supports with free cash flows of EUR 11.95 billion.

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