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

Published on 10/21/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC lifted its target from HUF 2,250 to HUF 3,140 on September 22, 2026. Magyar Telekom stock costs EUR 7.35 on October 21, 2026.

Target revision and earnings timeline

HSBC lifted its Magyar Telekom target from HUF 2,250 to HUF 3,140 on September 22, 2026.
Second-quarter revenue increased 0.80 percent to HUF 243.3 billion in 2026.
Magyar Telekom stock trades at EUR 7.35 at 10:35 a.m. CEST at Lang & Schwarz on October 21, 2026.
Third-quarter results are scheduled for November 4, 2026.

Magyar Telekom, HU0000073507, Illustration mit AI erstellt.

Magyar Telekom (ISIN HU0000073507) received a higher 12-month price target from HSBC, which lifted its forecast from HUF 2,250 to HUF 3,140 on September 22, 2026, according to Vilaggazdasag. At 10:35 a.m. CEST on October 21, 2026, the stock was trading at EUR 7.35 at Lang & Schwarz.

Three dated catalysts

The company paid a dividend of HUF 154 per ordinary share on May 20, 2026, according to its Magyar Telekom investor-relations page. On August 5, 2026, it reported second-quarter results, with revenue of HUF 243.3 billion, up 0.80 percent year over year, while EBITDA fell 0.80 percent to HUF 108.4 billion, figures reported by Vilaggazdasag. HSBC's September 22 target revision was the latest of the three developments.

What does the target change mean?

The revision shifts the analyst frame from HUF 2,250 to HUF 3,140, a 39.56 percent increase in the target itself. Portfolio reported that HSBC also upgraded its recommendation from hold to buy. The counterweight is the second-quarter profit trend: adjusted net income attributable to shareholders declined 1.50 percent to HUF 55.0 billion.

Next reporting date

Magyar Telekom is scheduled to publish third-quarter results on November 4, 2026, according to Khertekpapir. The report will provide the next quantified test of the company's 2026 outlook.

Stock price and investor context

Magyar Telekom's ordinary shares are listed on the Budapest Stock Exchange under ticker MTELEKOM, while the company also identifies ADSs listed on the New York Stock Exchange, according to its share information page. The further course of trading is shown by the continuously updated real-time quote of Magyar Telekom stock.