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Convergenze SpA Societa Benefit ( (IT:CVG) ) just unveiled an update.
Convergenze S.p.A. Società Benefit reported a 3.4% increase in revenues for the first half of 2025 compared to the same period in 2024, highlighting its ability to consolidate its market presence. The company saw significant growth in its energy business unit with a 9.0% increase in revenues, while its telecommunications unit remained stable. The expansion of its proprietary fiber optic network and the launch of its innovative mobile offer, SIMON, are strategic steps to enhance market presence and brand awareness. The board also proposed the authorization for the purchase and disposal of treasury shares and adjustments to corporate bylaws, indicating a focus on long-term strategic positioning.
The most recent analyst rating on (IT:CVG) stock is a Buy with a EUR4.25 price target. To see the full list of analyst forecasts on Convergenze SpA Societa Benefit stock, see the IT:CVG Stock Forecast page.
More about Convergenze SpA Societa Benefit
Convergenze S.p.A. Società Benefit is an integrated technology operator active in the 100% green Telecommunications and Energy sectors. It operates nationwide through its patented EVO network and proprietary fiber optic network with innovative XGS-PON technology.
Average Trading Volume: 9,637
Technical Sentiment Signal: Buy
Current Market Cap: €13.87M
See more insights into CVG stock on TipRanks’ Stock Analysis page.