Cellnex will break down its results report of the second quarter of the year within a week of a week, on Friday, August 1, before the opening of the markets. But the Morgan Stanley analysts They do not wait at that date to adjust the valuation of their shares.
Specifically, Morgan Stanley cuts Cellnex’s target price to 41 euros per sharefrom the previous 43 euros. Despite the cut, this new assessment is a Alcista potential of 23.7% Facing the closing of yesterday Thursday.
Keep in mind that, after this cut, Morgan Stanley becomes one of the most prudent analysis houses on the future in the company’s stock market. According to the data collected by Reuters, on average analysts give the value a council to ‘buy’ and an objective price of 42.36 euros that are 30.5% above current levels.
Today Cellnex’s shares are among the most penalized in the session, with a drop of 2.08% in mid -morning until it marks 32.45 euros at IBEX 35.
The titles accumulate a 13% drop since in October last year they marked some maximums of the last 52 weeks in 37.31 euros. The good news is that they have bounced just over 14% since January 8 came to play minimum of 28.39 euros.