Cellnex Telecom Stock | Price, Analyst Rating & Outlook for 2026

Cellnex Telecom

BME:CLNX

€ 26,49

+ €0,23 (0,88%)

26,49 €

+€0,23 (0,88%)

End-of-day quote: 03/27/2026

Cellnex Telecom Stock Value

The analyst rating for BME:CLNX is currently Outperform.

Outperform

Cellnex Telecom Company Info

EPS Growth 5Y

0,00%

Market Cap

€17,85 B

Long-Term Debt

€17,08 B

Quarterly earnings

05/07/2026 (E)

Dividend

€0,39

Dividend Yield

1,48%

Founded

2008

Industry

Communication Services

Country

Spain

Website

Cellnex Telecom

ISIN Number

ES0105066007

Website

http://www.cellnex.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

€35,00

32.13%

Last Update: 03/28/2026

Analysts: 24

Highest Price Target €46,00

Average Price Target €35,00

Lowest Price Target €21,00

In the last five quarters, Cellnex Telecom’s Price Target has fallen from €49,08 to €41,55 - a -15,34% decrease. Four analysts predict that Cellnex Telecom’s share price will increase in the coming year, reaching €35,00. This would represent an increase of 32,13%.

Top growth stocks in the communication services sector (5Y.)

What does Cellnex Telecom do?

Cellnex Telecom, S.A. engages in the management of terrestrial telecommunications infrastructures. Business Segments The company operates through four primary business segments: Towers, DAS, Small Cells and RAN as a Service, Fiber, Connectivity and Housing Services, and Broadcast. Towers Segment: The Towers segment is the company’s main business activity. In this segment, the company facilitates access to the spectrum, which is owned by its customers, by providing access to telecom infrastruc...

Cellnex Telecom, S.A. engages in the management of terrestrial telecommunications infrastructures.

Business Segments

The company operates through four primary business segments: Towers, DAS, Small Cells and RAN as a Service, Fiber, Connectivity and Housing Services, and Broadcast.

Towers Segment: The Towers segment is the company’s main business activity. In this segment, the company facilitates access to the spectrum, which is owned by its customers, by providing access to telecom infrastructure through its connectivity services. The company offers both passive and active infrastructure to external mobile network operators (MNOs), typically under mid- and long-term contracts. The company’s towers serve as critical infrastructure for MNOs, enabling them to deploy their own spectrum and offer services to end-users. The company’s business in this segment is highly dependent on the demand for such infrastructures, and any decrease in demand may adversely affect the company’s business.

DAS, Small Cells and RAN as a Service Segment: This segment provides Distributed Antenna Systems (DAS), Small Cells, and Radio Access Network (RAN) as a Service. The company’s services in this segment are designed to enhance connectivity in areas where traditional tower infrastructure, such as urban environments, stadiums, airports, and other high-density locations. The company’s DAS and Small Cells solutions enable improved coverage and capacity, supporting the increasing demand for mobile data and connectivity. The company’s RAN as a Service offering provides customers with a managed service model, allowing them to outsource the deployment and management of radio access networks.

Fiber, Connectivity and Housing Services Segment: The Fiber, Connectivity and Housing Services segment addresses the growing need for high-speed and reliable connectivity. The company provides fiber infrastructure, connectivity solutions, and housing services to public administrations and entities operating in both the private and public sectors. The company’s fiber infrastructure supports the transmission of large volumes of data, enabling advanced telecommunications services and supporting the digital transformation of businesses and public services. The company’s housing services include the provision of secure, reliable facilities for the installation and operation of telecommunications equipment.

Broadcast Segment: The Broadcast segment provides communications services that depend on the coverage needs of its customers, which in turn depend on the demand for TV and radio broadcast by their customers. The company’s broadcast services are essential for media companies and broadcasters seeking to reach large audiences with reliable, high-quality transmission.

Business Strategy

The company’s business strategy is centered on the integration of sustainability, stakeholder interests, and material impacts into its strategy, business model, and value chain. The company’s ESG (Environmental, Social, and Governance) strategy is a core component of its overall business strategy, ensuring that sustainability considerations are embedded in all aspects of the company’s operations.

The company’s ESG strategy includes a transition plan for climate change mitigation, policies related to climate change adaptation, actions and resources for climate change policies, and targets for climate change mitigation and adaptation. The company’s strategy also includes a strong focus on biodiversity, with policies, actions, and targets related to biodiversity and ecosystems.

The company’s governance strategy is a key component of its overall business strategy, with business conduct policies, management of relationships with suppliers, prevention and detection of corruption and bribery, and metrics and targets related to governance.

Products and Services

The company provides a comprehensive range of products and services across its four primary business segments: Towers, DAS, Small Cells and RAN as a Service, Fiber, Connectivity and Housing Services, and Broadcast.

Towers: The company offers access to telecom infrastructure for mobile network operators (MNOs), providing both passive and active infrastructure. The company’s towers serve as critical infrastructure for MNOs, enabling the deployment of spectrum and the provision of services to end-users. The company’s services in this segment include site acquisition, construction, maintenance, and management of tower infrastructure.

DAS, Small Cells and RAN as a Service: The company provides Distributed Antenna Systems (DAS), Small Cells, and Radio Access Network (RAN) as a Service. The company’s DAS and Small Cells solutions enhance connectivity in high-density areas, such as urban environments, stadiums, and airports. The company’s RAN as a Service offering provides a managed service model, allowing customers to outsource the deployment and management of radio access networks.

Fiber, Connectivity and Housing Services: The company provides fiber infrastructure, connectivity solutions, and housing services to public administrations and private sector entities. The company’s fiber infrastructure supports high-speed data transmission, enabling advanced telecommunications services.

Broadcast: The company provides broadcast infrastructure and services for the transmission of television and radio signals. The company’s broadcast services ensure wide coverage and high-quality transmission for media companies and broadcasters.

Cybersecurity and Operational Efficiency: The company has implemented a Global Security Master Plan for Cybersecurity and Physical Security, adapted its Information Security Management System to the ISO/IEC 27001:2022 framework, and developed advanced protection measures, including network access control and endpoint detection and response solutions. The company’s operational efficiency initiatives include innovation projects, business continuity planning, and maintenance of certifications in quality, environmental, and health and safety standards.

Resource Use and Circular Economy: The company has implemented resource use and circular economy initiatives, including materials recovery through take-back programs, reuse, recycling, and landfill management.

Data Privacy and Data Security: The company has a Private Data Policy and guarantees the security, secrecy, and confidentiality of personal data under its responsibility.

Customer Service and Business Continuity: The company has implemented systems to provide unimpeded service during service interruptions, operational efficiency, and business continuity policies and actions.

Geographical Markets Served

The company operates in multiple countries across Europe, including France, Italy, United Kingdom, Spain, Poland, Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Customers

The company’s primary customers are external mobile network operators (MNOs), public administrations, and entities operating in the private and public sectors. The company’s services are provided under mid- and long-term contracts.

The company’s customer base includes media companies and broadcasters in the Broadcast segment, as well as public administrations and private sector entities in the Fiber, Connectivity and Housing Services segment.

Sales and Marketing

The company’s business model is primarily B2B (business-to-business), providing services to external mobile network operators, public administrations, and private sector entities. The company’s sales and marketing activities are structured around long-term contracts and relationships with key customers.

The company’s marketing and distribution channels are aligned with its business segments focuses on the provision of telecom infrastructure, connectivity solutions, and broadcast services. The company’s customer relationships are managed through direct engagement, contract negotiation, and ongoing service delivery.

History

The company was incorporated in 2008. The company was formerly known as Abertis Telecom Terrestre, S.A.U. and changed its name to Cellnex Telecom, S.A. in April 2015.

Cellnex Telecom Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Main industries:** - Telecommunication towers - Infrastructure for wireless communication - Broadcast services **TOP 3 markets:** 1. **Spain:** approx. 25% 2. **Italy:** approx. 20% 3. **France:** approx. 18% Cellnex Telecom, S.A. generates the majority of its revenue from providing infrastructu...

At which locations are the company’s products manufactured?

**Production:** No specific production sites Cellnex Telecom, S.A. is a leading operator of wireless telecommunications infrastructures and does not produce physical products in the traditional sense. The company operates and manages mobile phone masts, antennas, and other telecommunications infras...

What strategy does Cellnex Telecom pursue for future growth?

**Current Growth Strategy:** Cellnex Telecom is pursuing a strategy of continuously expanding its infrastructure capacities through acquisitions and partnerships. The company focuses on strengthening its presence in Europe by acquiring existing mobile mast infrastructures from telecommunications p...

Which raw materials are imported and from which countries?

**Main materials:** Steel, concrete, fiberglass **Countries of origin:** - **Steel:** China, Germany - **Concrete:** Spain (local) - **Fiberglass:** USA, South Korea Cellnex Telecom, S.A. is a leading operator of wireless telecommunications infrastructures. For the construction and maintenance of...

How strong is the company’s competitive advantage?

**Market share in Europe:** Approximately 30% (2024, estimate) **Number of locations:** Over 130,000 (2024) **EBITDA margin:** 75% (2024) Cellnex Telecom, S.A. has established itself as one of the leading operators of telecommunications infrastructure in Europe. With a market share of around 30...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 70% (estimated for 2025 based on historical data) **Insider Buys/Sells:** No significant transactions in the last year (estimated for 2025) Cellnex Telecom, S.A. has traditionally had a high proportion of institutional investors, which is attributed...

What percentage market share does Cellnex Telecom have?

**Market share of Cellnex Telecom:** Estimate 25% (2025) **Main competitors and their market shares:** 1. **American Tower Corporation:** Estimate 30% 2. **Crown Castle International Corp.:** Estimate 20% 3. **SBA Communications Corporation:** Estimate 15% 4. **Deutsche Funkturm (part of Deutsche T...

Is Cellnex Telecom stock currently a good investment?

**Revenue Growth:** 10% (estimated 2024) **EBITDA Growth:** 8% (estimated 2024) **Net Debt to EBITDA Ratio:** 4.5x (estimated 2024) Cellnex Telecom, S.A. is one of the leading operators of wireless telecommunications infrastructures in Europe. In recent years, the company has experienced soli...

Does Cellnex Telecom pay a dividend – and how reliable is the payout?

**Dividend Yield:** 0% (2025) Cellnex Telecom, S.A. has not paid any dividends in the past and follows a strategy of reinvesting profits into business growth. The company focuses on expanding its infrastructure and entering new markets, which requires significant capital investment. Therefore, the...

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Cellnex Telecom Stock Value

Cellnex Telecom Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the communication services sector (5Y.)

What does Cellnex Telecom do?

Cellnex Telecom Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Cellnex Telecom Stock Value

Cellnex Telecom Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the communication services sector (5Y.)

What does Cellnex Telecom do?

Cellnex Telecom Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.