Cellnex : Evolution of coverage
As part of the rotation of our coverage, we are terminating the coverage with recommendation of Cellnex.Our previous credit opinion was Positive and our previous market recommendations were Buy on convertibles bonds and Neutral on straight bonds.
We plan to initiate the coverage of new issuers soon.
Issuer
Previous credit opinion
Previous market recommendation
Date of the last report
Current reco
Cellnex
Positive
Buy on convertible bonds, Neutral on straight bonds
15/07/2024
No reco
Cellnex Telecom SA is a Spain-based company engaged in the wireless telecommunications (telecom) business. Its activities are divided into three segments: Broadcasting infrastructure, Telecom site rental, as well as Network services and other. The Broadcasting infrastructure division comprises distribution and transmission of television (TV) and frequency modulation (FM) radio signals, operation and maintenance (O&M) of radio broadcasting network, as well as over-the-top (OTT) radio services, among others. The Telecom site rental division provides access to wireless infrastructure, primarily through infrastructure hosting and telecom equipment co-location, mainly for mobile network operators and other wireless and broadband telecom network operators. The Network services and other division offers connectivity services for a variety of telecom operators and radio communication, among others. The Company also develops 5th generation mobile networks (5G) through Alticom BV.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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