NOS stock gets two target upgrades as revenue grows

Published on 09/28/2026 at 15:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Caixa BI assigns NOS a EUR 6.40 target after EUR 4.60. The shares traded at EUR 5.42 on September 28, 2026, while FY2025 revenue reached EUR 1,823.16 million.

5G-Mobilfunkantenne auf Dach in Lissabon, Symbolbild Telekommunikation Portugal — Fotorealistische 5G-Mobilfunkantenne in Lissabon symbolisiert NOS SGPS SA (ISIN PTZON0AM0006) und portugiesische Telekommunikationsinfrastruktur eindrucksvoll, Illustration mit AI erstellt.

NOS (ISIN PTZON0AM0006) was trading at EUR 5.42 on Euronext Lisbon at 2:29 p.m. WEST on September 28, 2026, down 0.64 percent from the prior close of EUR 5.46. An analyst roundup updated September 28, 2026, reported two target increases for the Portuguese telecommunications group.

Two targets move higher

Caixa BI raised its target for NOS from EUR 4.60 to EUR 6.40 and confirmed a buy recommendation, according to Ideal Investor.

Caixa Bank also moved its rating from hold to buy and raised its target from EUR 4.20 to EUR 5.75, the same September 28, 2026 roundup reported through Ideal Investor. The two revisions put analyst expectations above the intraday market price, although the stock was down 0.64 percent in the September 28 session.

Revenue grows in fiscal year 2025

NOS generated EUR 1,823.16 million of revenue in fiscal year 2025, compared with EUR 1,696.26 million in fiscal year 2024. That is a calculated increase of 7.48 percent from the prior year, based on the annual figures listed by Investing.com.

Fiscal year 2025 EBITDA stood at EUR 632.59 million, up from EUR 596.69 million in fiscal year 2024, while net income was EUR 245.88 million after EUR 272.26 million a year earlier, according to Investing.com. The figures show revenue and EBITDA expansion alongside lower annual net income, giving the target upgrades a mixed earnings backdrop.

Stock remains below yearly high

NOS was 5.08 percent below its EUR 5.71 52-week high on September 28, 2026, while the 52-week low stood at EUR 3.60. The company had a market capitalization of EUR 2.8 billion and trading volume of 127,837 shares at the same snapshot.

NOS operates across telecommunications, media and entertainment, including fixed and mobile communications, internet access, pay television, audiovisual content and cinema activities. Its profile also includes IT consulting and data center management, adding business services to the core communications operations.

NOS stock trades at EUR 5.42

NOS stock was trading at EUR 5.42 on Euronext Lisbon at 2:29 p.m. WEST on September 28, 2026, with a 52-week range of EUR 3.60 to EUR 5.71 and market capitalization of EUR 2.8 billion.