Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $15.32, but opened at $14.71. Cellnex Telecom shares last traded at $14.68, with a volume of 400 shares traded.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. UBS Group cut shares of Cellnex Telecom to a “neutral” rating in a report on Tuesday, August 18th. Barclays raised Cellnex Telecom to an “overweight” rating in a report on Monday, August 24th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Cellnex Telecom currently has an average rating of “Moderate Buy”.
Get Our Latest Stock Analysis on Cellnex Telecom
Cellnex Telecom Trading Down 1.0%
About Cellnex Telecom
Cellnex Telecom SA is a leading independent wireless telecommunications infrastructure operator based in Barcelona, Spain. The company designs, builds and manages telecom tower sites and related connectivity solutions, offering site rental services to mobile network operators, broadcasters and enterprises. Its portfolio includes macro sites, distributed antenna systems (DAS), small cells, in-building coverage, fiber networks and edge computing nodes, all aimed at enhancing voice, data and next-generation digital services.
Founded as a spin-off from Abertis Infraestructuras in 2015, Cellnex launched an initial public offering on the Madrid Stock Exchange in May of that year.
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