Varun Anand
Cellnex Telecom
CLNX-SM
TOP PICK
Feb 04, 2021
Target price in euros. Cell tower company focused in Europe. Has suffered from the value rotation trade, but they've been announcing numerous deals. Deals will be accretive. Growth trajectory looks positive, and it trades at a discount to US peers, which should narrow. No dividend. (Analysts’ price target is $63.29)
(A Top Pick Feb 04/21, Down 9%) Market's pricing in a potential fail of its ongoing acquisition. Concerns about carrier consolidation and interest rates have put pressure on. These are not fundamental issues. Inflation escalators built into contracts. Still buying, lots of upside. Excellent for long-term.