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Cellnex Telecom, S.A. (CLNX.MC)
| Previous close | 30.30 |
| Open | 30.06 |
| Bid | 29.64 x 0 |
| Ask | 29.66 x 0 |
| Day's range | 29.54 - 30.11 |
| 52-week range | 26.02 - 38.94 |
| Volume | |
| Avg. volume | 1,339,969 |
| Market cap | 20.891B |
| Beta (5Y monthly) | 0.65 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.44 |
| Earnings date | 25 Apr 2024 |
| Forward dividend & yield | 0.06 (0.19%) |
| Ex-dividend date | 21 Nov 2023 |
| 1y target est | 53.83 |
Insider Monkey15 Biggest Spanish Companies
In this article, we will discuss the 15 biggest Spanish companies. If you want to skip our analysis, you can proceed to the section highlighting the 5 Biggest Spanish Companies. Economy of Spain According to a report by the European Commission, the Spanish economy is projected to grow at 2.5% in 2023, 1.7% in 2024, […]
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.
