Berenberg started coverage at RON 54.10 for Digi Communications stock

Published on 10/14/2026 at 04:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg set a target for Digi Communications stock on October 1, 2026. First-half sales rose 10.00 percent to EUR 1.2 billion.

Coverage and reporting dates

On October 1, 2026, Berenberg initiated coverage with a RON 54.10 target.
First-half sales reached EUR 1.2 billion, up 10.00 percent year over year.
Digi Communications is scheduled to report third-quarter results on November 13, 2026.

Digi Communications, NL0012294474, Illustration mit AI erstellt.

Berenberg started coverage of Digi Communications stock with a RON 54.10 price target on October 1, 2026, according to TradingView. The target gives investors a fresh benchmark after Digi Communications reported strong first-half operating growth and expanded its Spanish footprint.

Three dated operating signals

Digi Spain completed its listing on July 16, 2026, after the group sold 51.3 million shares at EUR 5.60 per share and raised up to EUR 287 million, according to the Yahoo Finance transcript published on August 14, 2026.

For the first half of 2026, Digi Group sales reached EUR 1.2 billion, a 10.00 percent year-over-year increase. Adjusted earnings before interest, taxes, depreciation and amortization excluding operating leases reached EUR 53.5 million in the second quarter of 2026, up 49.00 percent from the second quarter of 2025, the same Yahoo Finance transcript states.

On October 1, 2026, Berenberg's RON 54.10 target was paired with a Hold recommendation for the parent company in coverage reported by Merca2. That combination puts the emphasis on execution: Digi is growing quickly, but the valuation view is more restrained than the operating figures alone might suggest.

What does the target imply?

The answer lies in the gap between expansion and capital intensity. Digi reported EUR 191 million of capital expenditure in the second quarter of 2026 and EUR 347 million in the first half, while Spanish homes passed reached 14.8 million by June 2026, according to Yahoo Finance. The figures show why subscriber growth and network deployment must be assessed together rather than in isolation.

Next reporting date

Digi Communications is scheduled to publish its third-quarter 2026 financial results on November 13, 2026, with a results presentation on the same date, according to the Bucharest Stock Exchange. The company also appeared in the exchange's October 13, 2026 BET composition with a 4.60 percent index weighting, giving the upcoming report a clear benchmark context.

Operating growth meets valuation discipline

The combination of 10.00 percent first-half sales growth, 49.00 percent year-over-year growth in adjusted second-quarter earnings before interest, taxes, depreciation and amortization excluding operating leases, and a RON 54.10 target creates a focused test for the next update. Revenue momentum is visible, while the target and Hold rating signal that profitability, debt and capital spending remain central to the investment case.