HSBC raises target for Magyar Telekom stock to HUF 3,140

Published on 10/09/2026 at 13:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC set a HUF 3,140 target, up from HUF 2,250, on September 22, 2026. Magyar Telekom stock costs EUR 6.98 on October 9, 2026 versus EUR 6.93.

Key points in brief

HSBC raised the Magyar Telekom target from HUF 2,250 to HUF 3,140 and upgraded its recommendation on September 22, 2026.
Second-quarter revenue rose 0.80 percent to HUF 243.3 billion, while adjusted profit fell 1.50 percent to HUF 55.0 billion.
The stock was trading at EUR 6.98 at Lang & Schwarz on October 9, 2026, up 0.72 percent versus EUR 6.93.
Magyar Telekom is listed on the Budapest Stock Exchange under ticker MTELEKOM and is a BUX member.

Magyar Telekom, HU0000073507, Illustration mit AI erstellt.

Magyar Telekom (HU0000073507) stock was trading at EUR 6.98 at Lang & Schwarz on October 9, 2026 at 1:14 p.m. CEST, plus 0.72 percent versus the Lang & Schwarz prior close of EUR 6.93. On September 22, 2026, HSBC raised its 12-month target from HUF 2,250 to HUF 3,140 and upgraded its recommendation from Hold to Buy, as Vilaggazdasag reported.

Three dates shape the case

On August 5, 2026, Magyar Telekom reported its second-quarter results, according to the company's investor-relations page. The company then appeared in September analyst updates, with the HSBC target change on September 22, 2026 providing the clearest valuation reset. The October 9, 2026 Lang & Schwarz quote supplies the latest market reference.

Magyar Telekom's ordinary shares have been listed on the Budapest Stock Exchange since November 14, 1997. The company has 894,595,917 ordinary shares, with issued share capital of HUF 89.5 billion, according to its share information page.

What does the target change mean?

The target increase was substantial in absolute terms, moving HUF 890 above the previous HUF 2,250 level. The same September report said the average analyst target stood at HUF 2,878, while the highest cited target was HUF 3,300, placing HSBC's new view below the top estimate but above the reported average.

The operating figures explain why valuation and cash generation remain central. In the second quarter of 2026, revenue rose 0.80 percent year over year to HUF 243.3 billion, while EBITDA fell 0.80 percent to HUF 108.4 billion and adjusted net income attributable to shareholders declined 1.50 percent to HUF 55.0 billion, according to Vilaggazdasag. Revenue growth therefore came with lower EBITDA and adjusted profit, a combination that makes the company's full-year execution important.

The same report said management retained its 2026 financial objectives, including low-single-digit revenue growth, medium-single-digit EBITDA AL growth and adjusted net income growth of 10.00 percent. It also put expected 2026 free cash flow at HUF 200.0 billion, matching the 2025 level.

Stock trades above the prior close

At EUR 6.98, the Lang & Schwarz quote stood EUR 0.05 above the prior close of EUR 6.93 on October 9, 2026. The plus 0.72 percent move was below the threshold for a directional headline, but it kept the euro reference price above the previous session's level while the Budapest listing remained the primary market context.

The further course of trading is shown by the continuously updated real-time quote of Magyar Telekom stock.