Cellnex Telecom: UBS still buying
(CercleFinance.com) - UBS reiterates its 'buy' recommendation on Cellnex Telecom shares, as well as its target price of E41.
1, which implies 23% upside potential for the telecom infrastructure group's shares.
In the summary of its research note, the broker looks back on the Spanish group's sale of its assets in Austria, highlighting the streamlining of its portfolio and progress in deleveraging.
With the focus now on share buyback capacity from mid-2025, UBS estimates that around E0.7bn could be returned to shareholders over H2 2025 and H1 2026.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
1, which implies 23% upside potential for the telecom infrastructure group's shares.
In the summary of its research note, the broker looks back on the Spanish group's sale of its assets in Austria, highlighting the streamlining of its portfolio and progress in deleveraging.
With the focus now on share buyback capacity from mid-2025, UBS estimates that around E0.7bn could be returned to shareholders over H2 2025 and H1 2026.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.