HSBC raises target to MXN 75.00 for Megacable stock

Published on 10/16/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC raised Megacable's target on October 13, 2026. Megacable stock's 13-analyst average is MXN 70.24 versus its MXN 49.21 to MXN 69.32 range.

Analyst and expansion signals

HSBC raised Megacable's target to MXN 75.00 on October 13, 2026.
Megacable announced a USD 2.0 billion fiber expansion plan on September 22, 2026.
Megacable's market capitalization stood at MXN 49.7 billion on October 15, 2026.

Megacable, MXP606941013, Illustration mit AI erstellt.

Megacable stock (ISIN MXP606941013) received a higher HSBC target of MXN 75.00 on October 13, 2026, when the bank also upgraded its view to Buy, according to Investing.com. The move puts the analyst debate ahead of Megacable's expansion spending and broadband rollout.

HSBC lifts the target

The HSBC entry showed an earlier target of MXN 67.00 and a new target of MXN 75.00, both dated October 13, 2026, according to Investing.com. The same overview listed 13 analyst views, with an average 12-month target of MXN 70.24. That average stood above the stated 52-week range of MXN 49.21 to MXN 69.32, giving the target discussion a clear valuation anchor.

Expansion adds a second test

Megacable's operating story also centers on network investment. Expansion reported on September 22, 2026, that the company announced a USD 2.0 billion fiber expansion plan. Its network reached 110,965 kilometers in June 2026, up 66.40 percent from 66,674 kilometers at the end of 2021.

Three dated operating signals

On September 22, 2026, Megacable announced the USD 2.0 billion expansion plan, according to El Congresista. On October 7, 2026, Telecompaper reported that Megacable launched residential and business plans offering symmetric speeds of 2 Gbps and 5 Gbps with Wi-Fi 7. On October 13, 2026, HSBC raised its target to MXN 75.00 and upgraded the stock to Buy, according to Investing.com.

What supports the target case?

The answer is a combination of analyst expectations and measurable network growth. EMIS reported second-quarter 2026 net sales revenue growth of 7.97 percent and net profit growth of 11.41 percent. The counterweight is execution: the expansion plan must convert new network capacity and higher speeds into sustained revenue and profit growth.

Market value and listing

BMV identifies Megacable Holdings as an active issuer with the MEGA ticker and CPO shares, while its market capitalization stood at MXN 49.7 billion on October 15, 2026. The 52-week range was MXN 49.21 to MXN 69.32. The valuation case therefore rests on whether operating growth can support the analyst average target of MXN 70.24.