Deutsche Telekom Stock: Quarterly Results Trigger a New Buy Signal
Deutsche Telekom shares (WKN: 555750 | ISIN: DE0005557508 | Ticker: DTE) have surged significantly following the quarterly results. From the closing price on August 5 to the close of trading on August 10, the stock gained 4.5%. In the process, the price broke above the 200-day moving average at around EUR 28.50, and the previously weak chart pattern has brightened considerably. However, the next resistance zone is already waiting at EUR 29.50. This zone had already held the price back in April and May 2026. For a sustained Buy signal, the share would first need to break above EUR 29.50 and then rise above EUR 30. Only then would the path toward previous highs become more open. If, on the other hand, the price falls back below the 200-day moving average, the new bullish signal would lose strength.
Deutsche Telekom currently has a market capitalization of around EUR 139 billion. Since the start of the year, the share is up 2.5%, but down about 3.6% on a 52-week basis. Over five years, the share has gained about 63%. The 52-week high stands at EUR 34.30, while the low from June 2026 was EUR 23.53. Fundamentally, the company delivered a solid second quarter. Revenue rose organically by 3.3% to EUR 29.9 billion. Adjusted operating profit before depreciation and amortization and after lease expenses increased organically by 7.3% to EUR 11.8 billion. Free cash flow improved by 3.1% to EUR 5.0 billion, while adjusted net income rose by 11.1% to EUR 2.8 billion.
T-Mobile US remains the key growth driver. There, service revenue rose by 8.9% and operating profit by 12.1%. Europe also performed well, with service revenue and operating profit each growing by 4.1%. In Germany, revenue grew by 3.7%, although Telekom lost 20,000 broadband customers. Management attributes this primarily to price increases. Fibre-optic connections performed well, with the number of new fibre-optic customers rising by 18% compared to the previous year. The Executive Board expects an improvement in the broadband business in the second half of the year.
Consolidated net income was weaker, falling by 6.3% to EUR 2.5 billion due to integration costs at T-Mobile US. The Executive Board nevertheless considers the Telekom stock to be undervalued. For this reason, the share buyback program was increased by up to EUR 3 billion to a total of up to EUR 5 billion. CEO Tim Höttges explained that share buybacks are currently more attractive than an even faster fibre-optic expansion. At the same time, network leadership, credit rating, and financial flexibility must not be jeopardized.
As early as 2025, Telekom had laid a stable foundation with revenue of EUR 119.1 billion and free cash flow of EUR 19.5 billion. The free cash flow forecast for 2026 has been raised to around EUR 20 billion. Fundamentally, the trend is convincing. From a technical analysis perspective, a breakout above EUR 29.50 to EUR 30 remains crucial.
Power Metallic Mines: Copper Assets Poised for a Revaluation
Ongoing geopolitical upheavals, most recently exacerbated by the conflict in the Persian Gulf, are forcing economies to systematically realign their international supply chains. In this environment, reliable commodity-producing jurisdictions are increasingly coming into focus, particularly for critical electrification metals such as copper. Power Metallic Mines (WKN: A40S32 | ISIN: CA73929R1055 | Ticker Symbol: IVV1) is positioning itself as an essential component of this new supply security with its 330 km² Nisk Project in resource-rich Québec, Canada. At the same time, the developer is diversifying its portfolio through an exploration project in Saudi Arabia, which is also receiving financial support from the Kingdom. The strategic importance of these assets is underscored by the financial commitment of industry giants in the commodities sector, such as Robert Friedland, Rob McEwen, and Gina Rinehart.
Operationally, management is focusing on the Lion Zone of the Nisk Project, which regularly impresses the market with exceptionally high-grade drill cores. A recent highlight of the winter drilling program was drill hole 26-116, which intersected 2.83% copper equivalent (CuEq) over a length of 36.42 m. This includes an outstanding 6 m core interval with a sensational 12.38% CuEq, which once again demonstrates the high geological quality of the deposit. Previous results have already shown that the near-surface mineralization is expected to enable an initially cost-efficient open-pit operation with moderate capital expenditures (CAPEX). To manage this transition to project development cost-effectively, Power Metallic has appointed experienced mining engineer Christopher Beal as Vice President of Operations.
The financial foundation for this pivotal phase was strengthened in June 2026 through a highly sought-after capital increase of CAD 28.2 million. Canadian billionaire and commodities investor Eric Sprott purchased an additional 1.6 million shares at CAD 1.25 each, further demonstrating his deep confidence in the project. This liquidity secures ongoing work and guarantees, among other things, the release of the first NI 43-101-compliant mineral resource estimate (MRE), which is now officially expected by the end of August. A subsequent preliminary economic assessment (PEA) will, for the first time, translate the geological drilling successes of recent quarters into a tangible economic valuation model. Analysts at GBC Research are already projecting a price target of CAD 3 (EUR 1.87), which signals fundamental upside potential given the technical bottoming out of the stock and rising copper prices.
Siemens After a Record Quarter: Is the AI Boom Enough for New Highs?
Siemens shares (WKN: 723610 | ISIN: DE0007236101 | Ticker: SIE) have delivered investors a price gain of about 16% so far in 2026 and are up approximately 23% over the past 52 weeks. With a market capitalization of approximately EUR 213 billion, Siemens is currently the most valuable company on the DAX, ahead of software company SAP. After hitting a record high of around EUR 291.50 on August 5, the share initially came under pressure but is showing signs of recovery at the start of the week, trading at EUR 279.90. From the weak opening price on August 6, the gain to the current level is approximately 3.7%.
Important for interpreting the figures: the Siemens fiscal year runs from October 1 to September 30. The third quarter of fiscal year 2026, which has now been reported, therefore covers the months of April, May, and June 2026. Operationally, Siemens delivered a record quarter. Excluding currency effects and the impact of acquisitions and divestitures, revenue rose by 8% to EUR 20.8 billion. On the same basis, order intake grew by 14% to a record EUR 27.9 billion. Earnings in the industrial business showed even stronger growth, rising by 25% to EUR 3.5 billion, while the profit margin increased from 14.9% to 17.3%. Net income rose by 15% to EUR 2.6 billion. Free cash flow also impressed with a 42% jump to EUR 4.1 billion.
The Smart Infrastructure segment performed particularly strongly. Order intake for the division jumped 42% to EUR 8.0 billion. Data centers were a key driver. In the first nine months of the fiscal year, Siemens secured orders worth around EUR 6 billion in this area. According to the company, Siemens is already collaborating with nine of the ten largest data center operators. Digital Industries increased revenue by 10% and segment profit by 44% to EUR 923 million. However, orders grew by only 9%, which was weaker than analysts had expected. This factor alone explains part of the decline in the share price following the earnings report. In the Mobility segment, profit fell slightly by 2%.
Nevertheless, management raised its forecast. Adjusted earnings per share are now expected to range from EUR 11.20 to EUR 11.50, up from the previous range of EUR 10.70 to EUR 11.10. For the group as a whole, the target remains comparable revenue growth of 6% to 8%. UBS raised its price target from EUR 310 to EUR 330 following the earnings report and reaffirmed its “Buy” rating. JPMorgan maintained its “Overweight” rating and EUR 345 target. From a technical analysis perspective, the outlook remains positive. All key moving averages are below the current price; the 200-day moving average stands at approximately EUR 249.30. In the short term, the area around EUR 291.50 represents the key resistance level. Only a sustained breakout above this level would open the path toward EUR 308.35 and new record highs. Until that happens, consolidation between approximately EUR 270 and the record high is likely.
Solid quarterly results and the raised forecast are supporting Deutsche Telekom’s stock. A fresh technical buy signal currently points to further price gains. Power Metallic Mines, a financially strong copper developer with consistently excellent drilling results, is benefiting from the realignment of global supply chains and the involvement of several commodities billionaires. Thanks to strong demand for data centers, Siemens delivered a record quarter in terms of operations and rewarded its investors with a significant upward revision to its full-year 2026 forecast.
Conflict of interest
Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as “Relevant Persons”) may hold shares or other financial instruments of the aforementioned companies in the future or may bet on rising or falling prices and thus a conflict of interest may arise in the future. The Relevant Persons reserve the right to buy or sell shares or other financial instruments of the Company at any time (hereinafter each a “Transaction”). Transactions may, under certain circumstances, influence the respective price of the shares or other financial instruments of the Company.
In addition, Apaton Finance GmbH is active in the context of the preparation and publication of the reporting in paid contractual relationships.
For this reason, there is a concrete conflict of interest.
The above information on existing conflicts of interest applies to all types and forms of publication used by Apaton Finance GmbH for publications on companies.
Risk notice
Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and the like on news.financial. These contents are exclusively for the information of the readers and do not represent any call to action or recommendations, neither explicitly nor implicitly they are to be understood as an assurance of possible price developments. The contents do not replace individual expert investment advice and do not constitute an offer to sell the discussed share(s) or other financial instruments, nor an invitation to buy or sell such.
The content is expressly not a financial analysis, but a journalistic or advertising text. Readers or users who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. No contractual relationship is established between Apaton Finance GmbH and its readers or the users of its offers, as our information only refers to the company and not to the investment decision of the reader or user.
The acquisition of financial instruments involves high risks, which can lead to the total loss of the invested capital. The information published by Apaton Finance GmbH and its authors is based on careful research. Nevertheless, no liability is assumed for financial losses or a content-related guarantee for the topicality, correctness, appropriateness and completeness of the content provided here. Please also note our Terms of use.
Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.