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Cordiant Digital Infrastructure Limited ( (GB:CORD) ) has provided an announcement.
Cordiant Digital Infrastructure Limited announced that its Czech portfolio company, CRA, has expanded its DAB+ network by launching six new commercial radio stations, enhancing its reach to 83.4% of the Czech population. This expansion reflects the growing demand for digital radio, supported by the European Electronic Communications Code, and is expected to generate incremental revenues. Additionally, CRA has strengthened its data centre and cloud business by selling capacity to Boosteroid and is accelerating the expansion of its data centre facilities in Prague, indicating robust market demand and strategic growth in digital infrastructure.
The most recent analyst rating on (GB:CORD) stock is a Buy with a £1.12 price target. To see the full list of analyst forecasts on Cordiant Digital Infrastructure Limited stock, see the GB:CORD Stock Forecast page.
Spark’s Take on GB:CORD Stock
According to Spark, TipRanks’ AI Analyst, GB:CORD is a Outperform.
Cordiant Digital Infrastructure Limited demonstrates strong growth potential due to strategic acquisitions and an attractive valuation. However, profitability and cash flow challenges, coupled with bearish technical indicators, suggest caution. Overall, it represents a balanced opportunity for growth and income, provided liquidity and momentum issues are managed.
To see Spark’s full report on GB:CORD stock, click here.
More about Cordiant Digital Infrastructure Limited
Cordiant Digital Infrastructure Limited is a sector-focused specialist owner and operator of digital infrastructure, primarily investing in data centres, fibre-optic networks, telecommunications, and broadcast towers across Europe and North America. The company is listed on the London Stock Exchange and follows a ‘Buy, Build & Grow’ model, having raised significant equity and debt to fund acquisitions such as CRA, Hudson Interxchange, and others.
Average Trading Volume: 1,268,839
Technical Sentiment Signal: Buy
See more insights into CORD stock on TipRanks’ Stock Analysis page.