Cellnex: JP Morgan loses patience and cuts the bullish potential of the value

Cellnex: JP Morgan loses patience and cuts the bullish potential of the value

Cellnex shares have fallen 17.5% so far this year, placing the company as one of the most affected on the IBEX 35 in 2022. A punishment that seems to be beginning to make a dent in the valuations of the analysts, who nevertheless continue to think that the value has a way to rebound.

Today JP Morgan analysts have cut Cellnex’s target price from 59 to 58 euros. Despite this cut, the new valuation is 37.5% above yesterday’s Thursday close.

On average, the analysis houses that cover the security give it a buy recommendation, with a target price of 61.51 euros, which is 46% above the current price.

Cellnex shares today oscillate between slight advances and declines, marking a mid-morning decrease of 0.07% to 42.14 euros. The value accumulates a drop of 17.5% so far this year, which has left its market capitalization at around 28,650 million euros.

If the photograph of the last 20 sessions is analyzed, the value has remained practically flat, with a decline of 0.5%.

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