Analyst Martin Comtesse of Jefferies maintained a Hold rating on CANCOM SE (0O0F – Research Report), retaining the price target of €26.00.
Martin Comtesse’s rating is based on several factors influencing CANCOM SE’s current and future performance. The company recently released its fiscal year 2024 results, which were in line with preliminary expectations. However, the guidance for fiscal year 2025 is cautious, with projected revenues between €1,700 million and €1,850 million, indicating a potential growth range of -2% to +6% year-over-year. The midpoint of this range aligns with consensus estimates, suggesting limited upside potential.
Furthermore, the expected EBITDA for the upcoming year is between €115 million and €130 million, with the midpoint falling slightly below consensus expectations. This implies a margin increase from 6.5% in fiscal year 2024 to 6.9%, but the overall outlook remains subdued due to ongoing macroeconomic challenges. The reluctance of small and medium-sized enterprises to invest, influenced by US tariffs, and the anticipated slow start in the public sector in Germany until a new government is established, are significant factors contributing to the Hold rating.
According to TipRanks, Comtesse is ranked #7497 out of 9395 analysts.
In another report released yesterday, Warburg Research also maintained a Hold rating on the stock with a €28.00 price target.