BUZZ-Deutsche Telekom offers good entry point to U.S. exposure, UBS ups to 'buy'

** UBS ups Deutsche Telekom DTEGn.DE (DT) to "buy" from "neutral", citing a good entry point after recent pull-back in shares price on cautious Q4 comments and profit-taking

** Since the beginning of December, shares in DT and its subsidiary T-Mobile US TMUS.O have fallen about 3% and 13% respectively

** DT provides a good entry point into a US-exposed name offering defensive 11% annual EPS growth that is relatively less impacted by price competition in European market, UBS says

** The broker sees upside risk among others in further dollar strength, reassurance on the U.S. unit 2025 outlook and further buybacks at the DT level

** Despite increasing competition in the German mobile sector, the bulk of DT's German revenues are fixed-line and investors may be more focused on the upside from U.S. domestic exposure post the outcome of the presidential elections, UBS says

** Out of 23 analysts that cover Deutsche Telekom, 21 rate the stock "strong buy"/"buy", while two rate it "hold" - LSEG data

(Reporting by Amir Orusov)

((Amir.orusov@thomsonreuters.com))