Magyar Telekom names Rakosa: HSBC lifts target for Magyar Telekom stock to HUF 3,140

Published on 10/19/2026 at 10:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC lifted its target to HUF 3,140 on September 22, 2026. Magyar Telekom stock costs EUR 7.38 on October 19, 2026 at Lang & Schwarz.

Board change and operating results

Magyar Telekom appointed Tothne Rakosa Erika on October 15, 2026.
Second-quarter 2026 revenue rose 0.80 percent to HUF 243.3 billion.
Magyar Telekom stock traded at EUR 7.38 at 9:52 a.m. CEST at Lang & Schwarz on October 19, 2026.

Magyar Telekom, HU0000073507, Illustration mit AI erstellt.

Magyar Telekom (ISIN HU0000073507) named Tothne Rakosa Erika as a new independent supervisory and audit committee member on October 15, 2026, while HSBC had raised its target from HUF 2,250 to HUF 3,140 on September 22, 2026. Portfolio reported the board change, while Vilaggazdasag described the HSBC rating change and target.

HSBC target resets valuation

The HSBC move changed the analyst framing around Magyar Telekom. The bank shifted its recommendation from Hold to Buy and lifted the 12-month target by HUF 890, a 39.56 percent increase from HUF 2,250 to HUF 3,140, according to the September 22, 2026 report.

The same report cited a median consensus target of HUF 2,923 and said four of seven brokers rated the shares Buy, while three recommended Hold. Those figures put the HSBC target HUF 217 above the cited consensus median and make the target change a larger valuation signal than the October board appointment.

Three dated company developments

Magyar Telekom's recent chronology has three measurable steps. On August 5, 2026, the company reported second-quarter revenue of HUF 243.3 billion, up 0.80 percent from the prior year, according to its Magyar Telekom investor-relations page. On September 22, 2026, HSBC raised the target from HUF 2,250 to HUF 3,140. On October 15, 2026, Tothne Rakosa Erika became an independent supervisory and audit committee member.

What does the target mean for earnings?

The answer depends on whether operating growth can offset pressure on profitability. In the second quarter of 2026, revenue increased 0.80 percent to HUF 243.3 billion, while EBITDA declined 0.80 percent to HUF 108.4 billion and adjusted net income fell 1.50 percent to HUF 55.0 billion, according to the September 22 report. Management nevertheless reaffirmed its 2026 financial objectives, including low-single-digit revenue growth, mid-single-digit EBITDA AL growth and adjusted net income growth of 10.00 percent.

Stock price in the morning session

Magyar Telekom stock was trading at EUR 7.38 at Lang & Schwarz on October 19, 2026 at 9:52 a.m. CEST. The quote gives German investors a live euro reference while the company remains listed on the Budapest Stock Exchange.

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