Cellnex stock: Jefferies cuts target from EUR 36.00 to EUR 34.00 for Cellnex stock

Published on 10/23/2026 at 15:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cellnex reports results on November 5, 2026. Cellnex stock costs EUR 26.08 on October 23, 2026, up 0.50 percent versus the Xetra close.

Jefferies target revision

Jefferies cut its Cellnex target from EUR 36.00 to EUR 34.00 on October 20, 2026.
Cellnex is scheduled to publish third-quarter results on November 5, 2026.
Cellnex stock costs EUR 26.08 at Lang & Schwarz on October 23, 2026 at 3:09 p.m. CEST, 0.50 percent above the Xetra close of EUR 25.95.
The stock remains 20.27 percent below its 52-week high of EUR 32.71.

3D-Render eines Rechenzentrums mit Antennenmast auf dem Dach — Architektonisches Render eines Rechenzentrums mit Mast repräsentiert Cellnex Telecom S.A., ISIN ES0105066007, Illustration mit AI erstellt.

Cellnex Telecom stock (ISIN ES0105066007) is trading at EUR 26.08 at Lang & Schwarz on October 23, 2026 at 3:09 p.m. CEST, up 0.50 percent versus the Xetra close of October 22, 2026 at EUR 25.95. On October 20, 2026, Jefferies cut its price target from EUR 36.00 to EUR 34.00 while retaining a Buy recommendation, as Bolsamania reported. Jefferies' new target is 30.37 percent above the Lang & Schwarz price.

Results date adds a near-term marker

Cellnex is scheduled to publish its third-quarter 2026 results on November 5, 2026. The date is also cited in the Jefferies update, which estimates third-quarter revenue excluding pass-through items at EUR 1.015 billion, up 4.20 percent from the prior year, against consensus of EUR 1.017 billion.

Stock stays below its yearly high

The EUR 26.08 quote is 20.27 percent below Cellnex's 52-week high of EUR 32.71 and 19.41 percent above its 52-week low of EUR 21.84. The range and the 862,302-share trading volume are dated October 23, 2026. Cellnex's year-to-date performance was minus 7.00 percent as of October 22, 2026, according to Yahoo Finance.

Valuation turns on debt reduction

Jefferies expects adjusted EBITDA of EUR 860 million in the third quarter of 2026, up 5.60 percent year over year but 0.70 percent below consensus. The same analysis points to net debt relative to adjusted EBITDA declining from 6.30 times in 2025 to 5.70 times in 2026. Cellnex's investor-relations materials identify cash flow generation, tenant growth and debt reduction as central financial themes.

Comparison with peers

Cellnex: plus 0.50 percent on October 23, 2026, dividend yield 3.00 percent, market capitalization EUR 17.2 billion.

American Tower: plus 2.21 percent on October 22, 2026, dividend yield 4.00 percent, market capitalization USD 84.6 billion.

Crown Castle: plus 0.23 percent on October 22, 2026, dividend yield 5.00 percent, market capitalization USD 34.4 billion.

Price and next reporting date

The Jefferies revision leaves the November 5 results as the next concrete test for Cellnex's revenue growth, adjusted EBITDA and deleveraging path. The company also said in its investor-relations materials that first-half 2026 free cash flow reached EUR 301 million and that it planned EUR 200 million of additional shareholder remuneration in 2026, according to Cellnex.

Cellnex was trading at EUR 26.08 at Lang & Schwarz on October 23, 2026 at 3:09 p.m. CEST, 0.50 percent above the Xetra close of October 22, 2026 at EUR 25.95. The further course of trading is shown by the continuously updated real-time quote of Cellnex stock.