Cellnex: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse has reinstated its "Outperform" rating on the Cellnex share, having raised its corresponding target price from 44 euros to 52 euros.
This follows an increase in its estimates to incorporate the group's Q1 20 results and the recently announced NOS tower transaction.

The broker has therefore raised its 2021 EBITDA estimate for the Spanish telecommunications infrastructure group by 4%, an increase that is split pretty equally between organic and non-organic growth effects.


Copyright (c) 2020 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.