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NOS Central Pro
Analysts & Recommendations
| Broker | Analyst | Current Recommendation | Price target | |
|---|---|---|---|---|
![]() | Javier Borrachero | jborrachero@keplercheuvreux.com | Reduce | €4.90 05-11-2026 |
![]() | Fernando Cordero | fecordero@gruposantander.com | Neutral | €5.50 04-11-2026 |
![]() | Russel Waller | russell@newstreetresearch.com | Neutral | €4.80 04-11-2026 |
![]() | Roshan Ranjit | roshan.ranjit@db.com | Hold | €5.00 03-11-2026 |
![]() | Antonio Rodriguez Vicens | arodriguez@jbcapital.com | Buy | €6.00 29-10-2026 |
![]() | Jose Ocina Cabezon | jrocinac@caixabank.com | Buy | €5.75 10-09-2026 |
![]() | Matilde Cardeira | matilde.henriques.cardeira@caixabi.pt | Buy | €6.40 09-09-2026 |
| Arnaud Camus | acamus@bestinver.es | Hold | €5.10-€5.30 07-09-2026 | |
![]() | Harrison Williams | harrison.williams@morganstanley.com | Overweight | €6.50 11-05-2026 |
![]() | António Seladas | aseladas@asindependentresearch.com | Neutral | €5.30 29-04-2026 |
![]() | Mathieu Robilliard | mathieu.robilliard@barclays.com | Underweight | €3.90 03-11-2025 |
![]() | Andrew Lee | andrew.j.lee@gs.com | Neutral | €4.00 12-08-2025 |
![]() | Akhil Dattani | akhil.dattani@jpmorgan.com | Underweight | €3.50 23-04-2025 |
Consensus Estimates
Consensus estimates are based exclusively on the analysis of independent financial analysts. Any opinions, estimates, projections or forecasts regarding NOS' performance reflect solely their own views and do not represent the opinions, estimates, projections or forecasts of NOS or its management team.
| 1Q26 | 2Q26 | 3Q26 | |
|---|---|---|---|
| Consolidated Revenues | 458.3 | 455.1 | 467.8 |
| OPEX | 256.9 | 248.2 | 241.1 |
| EBITDA | 202.0 | 206.4 | 222.8 |
| EBITDA AL | 167.0 | 172.3 | 189.9 |
| Net Income | 55.1 | 62.1 | 70.8 |
| CAPEX Ex Leasings | 86.2 | 85.5 | 88.5 |
| EBITDA AL - CAPEX Ex Leasings | 80.8 | 86.8 | 101.4 |
| Telco Revenues | 393.2 | 392.6 | 395.8 |
| Telco EBITDA | 184.5 | 191.8 | 202.0 |
| IT Revenues | 48.3 | 46.2 | 49.1 |
| IT EBITDA | 6.0 | 5.7 | 6.1 |
| Audiovisuals & Cinema Exhibition Revenues | 24.5 | 25.3 | 31.6 |
| Audiovisuals & Cinema Exhibition EBITDA | 11.5 | 11.7 | 14.8 |
Values presented in millions of euros.
Last update: 26 October 2026.











