Shares of DIGI Spain Telecom SAU surged to a new 52-week high on Monday, rising 4.3% to €6.93, after the company reported strong first-half 2026 earnings and received bullish analyst coverage.
The Madrid-listed telecom operator touched an intraday peak of €7.10, extending gains from its July 16 initial public offering, where it debuted at €5.85. Since then, the stock has climbed more than 18%, supported by robust operational performance and favorable analyst projections.
Citigroup initiated coverage with a "Buy" rating and set a price target of €8.3, while other forecasters have assigned targets as high as €8.50. Analysts cited the company’s long-term growth potential, focus on core operations, and minimal outsourcing as key strengths driving its competitive positioning.
DIGI Spain Telecom reported first-half 2026 revenue of approximately €515 million, a 16% year-on-year increase. Adjusted EBITDA before operating leases surged 48% to about €104 million, with margins expanding to roughly 20%. The company’s subscriber base grew to 2.9 million fixed broadband and 7.8 million mobile customers.
Full-year 2026 guidance calls for revenue growth of about 15.7% and EBITDA margins in the low 20% range. Capital expenditures are projected at around €400 million, with a mid-term target of EBITDA margins exceeding 30%. Operating free cash flow after leases is not expected to turn positive until 2029, reflecting ongoing investments in fiber-to-the-home network expansion.
