Cellnex: Morgan Stanley resumes coverage as a buyer

(CercleFinance.com) - On Wednesday morning Morgan Stanley resumed its coverage of the share of Spanish telecom operator Cellnex with a buy ("overweight") rating, and a target price of 45 euros (14% upside).


Analysts highlight the importance of the funds recently raised by the group (four billion euros), which gives it further firepower. Morgan Stanley also notes that Cellnex has made about 25 acquisitions since its IPO in mid-2015.


Copyright (c) 2019 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.