Cellnex Telecom SA

CLNX: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Cellnex: Reducing Fair Value Estimate by 17% to EUR 43, but Shares Still Offer 30% Upside

Javier Correonero

Jun 26, 2025

We are updating our long-term view on wireless tower operator Cellnex.

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Cellnex Telecom SA

Cellnex: Reducing Fair Value Estimate by 17% to EUR 43, but Shares Still Offer 30% Upside

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