Cellnex stock slips on UBS cut and €18.19 billion market cap
Published on 08/20/2026 at 15:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Cellnex Telecom, S.A. (ES0105066007) drew fresh attention on August 20, 2026, after a UBS downgrade and a market-cap snapshot that put the company at €18.19 billion. The stock also traded at €26.50 in the latest quoted session, with a 1st January change of -2.54% and a 5-day move of -1.31%.
UBS turned more cautious
According to a TipRanks report on the UBS downgrade, Barclays also kept a Hold rating on August 3 and a €32.00 price target, while the newer note said Cellnex was worth only €29.5 per share in a separate market report. That combination leaves the gap between the quoted €26.50 price and the €29.5 target visible in concrete terms.
Growth still matters
The same market report said analysts still see 2025 to 2030 compound annual growth of 4% for revenue, 6% for EBITDAaL and 54% for free cash flow after land purchases. UBS also cut its 2026 EPS view from a profit of €0.12 to a loss of €0.18, then trimmed 2027 EPS from €0.34 to €0.04 and 2028 EPS from €0.50 to €0.18.
For investors, that mix is the key tension: a €18.19 billion equity value and a €26.50 share price sit alongside slower profit expectations and a still-positive long-term cash-flow model.
Read more on Cellnex
Cellnex is one of Europe's largest tower operators, with a portfolio built around shared wireless infrastructure for mobile carriers and other network users.
Cellnex shares and the setup
Cellnex stock is trading against a cautious analyst backdrop and a 52-week style reference point that now hinges more on cash flow delivery than on headline growth. The latest quoted price was €26.50 in the August 19, 2026 session.
Fact box
Company: Cellnex Telecom, S.A.
ISIN: ES0105066007
Ticker: CLNX
Exchange: BME
Price (as of August 19, 2026): EUR 26.50
Market cap: EUR 18.19 billion
Sector / Industry: Communication Services / Wireless Telecommunication Services
Index membership: IBEX 35
Investor Relations
More on Cellnex stock at the company level is available through the investor-relations channel.
