HSBC upgrades Megacable stock to Buy with target at MXN 75.00

Published on 10/21/2026 at 12:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC lifted its target from MXN 67.00 to MXN 75.00 on October 13, 2026. The October 29 results date is next for Megacable stock.

Analyst view and earnings dates

HSBC raised its Megacable target to MXN 75.00 on October 13, 2026.
Second-quarter revenue reached MXN 9.31 billion, while net income was MXN 833.95 million.
Megacable is expected to report third-quarter results on October 29, 2026.
Market capitalization stood at MXN 47.4 billion as of October 20, 2026.

Megacable, MXP606941013, Illustration mit AI erstellt.

HSBC upgraded Megacable to Buy and raised its target from MXN 67.00 to MXN 75.00 on October 13, 2026, according to Investing.com. The change gives investors a defined benchmark before the companys next expected quarterly report.

Quarterly figures set the backdrop

Megacable reported MXN 9.31 billion in revenue and MXN 833.95 million in net income for the second quarter of 2026. Revenue was below the MXN 9.48 billion consensus estimate, while earnings per share reached MXN 0.993 against MXN 0.980 expected, according to Investing.com.

The comparison shows a mixed second-quarter picture. Revenue missed consensus by 1.58 percent, but earnings per share exceeded the estimate by 1.31 percent. That combination helps explain why the new analyst target is more important than a simple revenue-growth narrative.

What changed in the analyst view?

The answer is the MXN 8.00 increase in HSBCs target, from MXN 67.00 to MXN 75.00, alongside the Buy rating dated October 13, 2026. Investing.com lists 13 analyst views with an average target of MXN 70.24 and a reported 52-week range of MXN 49.21 to MXN 69.32.

Three dates show the sequence

On April 23, 2026, Megacable reported first-quarter earnings per share of MXN 0.980 against MXN 0.996 expected. On July 30, 2026, second-quarter earnings per share reached MXN 0.993 versus MXN 0.980 expected. On October 13, 2026, HSBC raised its target to MXN 75.00, with all three events listed by Investing.com.

Next report comes October 29

The next substantiated date is October 29, 2026, when Megacable is expected to report third-quarter results after the market closes, according to MarketBeat. Its listed consensus calls for revenue of USD 528.16 million and earnings per share of USD 0.0541, although the company reports its operating figures in MXN.

Market value before the results

Megacable had a market capitalization of MXN 47.4 billion as of October 20, 2026. The company operates telecommunications services including broadband internet, pay television, fixed-line telephony and business connectivity across Mexico, giving the October 29 report a direct test of demand and profitability.