Maroc Telecom stock: CFG Bank sets MAD 121 valuation for Maroc Telecom stock

Published on 10/23/2026 at 05:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

CFG Bank set a MAD 121 value on October 22, 2026. For Maroc Telecom stock, first-half revenue rose 5.40 percent to MAD 19.01 billion.

Valuation and reporting date

CFG Bank assigned a MAD 121 valuation to Maroc Telecom on October 22, 2026.
First-half revenue reached MAD 19.01 billion, up 5.40 percent from the prior-year period.
Maroc Telecom had a market capitalization of EUR 7.3 billion as of October 22, 2026.
The company was scheduled to publish third-quarter and nine-month results on October 23, 2026.

IAM, MA0000011488, Illustration mit AI erstellt.

Maroc Telecom (MA0000011488) received a MAD 121 valuation from CFG Bank on October 22, 2026, giving the stock a fresh analyst focus. According to Le Matin, CFG Research based its view on improving domestic operations and continued growth at the group's African subsidiaries.

What does the valuation imply?

CFG Bank's MAD 121 valuation was presented with a 32.40 percent potential increase against a MAD 91 reference price observed on July 27, 2026. The research case also cited fiber deployment, mobile data use, expected 5G development and mobile-money expansion in Africa, according to Le Matin.

First-half growth carried the case

Maroc Telecom reported consolidated revenue of MAD 19.01 billion for the first half of 2026, up 5.40 percent from the first half of 2025. Moov Africa subsidiaries were the main growth driver, while net income reached MAD 2.50 billion and declined year over year because the comparison period included an exceptional 2025 receipt, Le Matin reported on October 21, 2026.

Next reporting date is October 23

The next scheduled event was the publication of third-quarter and nine-month 2026 results on October 23, 2026. The date was listed by Ideal Investisseur, which also identified the first-half results on July 22, 2026 as the previous reporting event.

Market value remains a key counterpoint

Maroc Telecom had a market capitalization of EUR 7.3 billion as of October 22, 2026. Its 52-week range stood at EUR 8.16 to EUR 11.30, while the stock's year-to-date performance was minus 18.82 percent on Euronext Paris. The valuation case therefore rests on operational growth and African expansion while investors await the next reported figures.

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