** Barclays downgrades Deutsche Telekom "equalweight" from "over weight", cuts PT by 14% to
** Sees slowdown in German operating free cash flow (OpFCF)growth
**Co's core German telecom business has guided for adj.2018 EBITDA growth of
**Analyst says capex guidance will be stable but rising inother divisions, such as T-Systems solutions. Also points toaccelerated cell sites roll-out
** Says DTE has entered JV with EWE AG in which it willinvest
** Co sees revenue guidance for 2018 "stable" vs "slightincrease" guided before
** Barclays says there is strong momentum and optionality inthe
** But cites reduced M&A options and says cable operators donot seem to be considering fixed/mobile deals for now
** Barclays says DTE shares inexpensive but so is the sectorand it sees better value in its peers Vodafone andOrange, both "overweight"