Cellnex Telecom, S.A. (CLLNY)
| Previous close | 16.30 |
| Open | 16.43 |
| Bid | N/A x N/A |
| Ask | N/A x N/A |
| Day's range | 16.40 - 16.58 |
| 52-week range | 13.69 - 22.00 |
| Volume | |
| Avg. volume | 89,520 |
| Market cap | 23.362B |
| Beta (5Y monthly) | 0.65 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.23 |
| Earnings date | N/A |
| Forward dividend & yield | 0.03 (0.18%) |
| Ex-dividend date | 22 Nov 2023 |
| 1y target est | 22.71 |
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ReutersCellnex gets credit upgrade, sees earnings surge after cutting debt
BARCELONA/LONDON (Reuters) -S&P agency gave a credit rating upgrade to Spain's Cellnex on Tuesday after Europe's largest mobile phone tower operator forecast boosting core earnings by up to a third by 2027, helping to reduce debt. The credit rating upgrade was a cornerstone of its new roadmap. S&P said it had given Cellnex an investment-grade BBB-, in a one-notch upgrade from BB+ in the so-called speculative part of the scale, due to "Cellnex's stronger commitment to deleveraging" and its earnings and cash flow forecasts.
ReutersCellnex expects core earnings of up to 4 billion euros in 2027
Cellnex on Tuesday said it expects revenues of up to 4.7 billion euros ($5.1 billion) and adjusted core earnings of up to 4 billion euros in 2027, as it unveiled its new outlook amid a shift in strategy to focus on cutting debt. In 2023, Europe's largest mobile phone tower operator's revenues, excluding pass-through costs, totalled 3.6 billion euros and its adjusted earnings before interest, taxes, depreciation and amortisation reached 3 billion euros. The Spanish company added it would improve its dividend policy for shareholders and continue reducing debt, while remaining open for potential investment opportunities.
