Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 8,380 shares, a drop of 83.8% from the August 31st total of 51,613 shares. Based on an average trading volume of 419,738 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. UBS Group downgraded Cellnex Telecom to a “neutral” rating in a research report on Tuesday, August 18th. Barclays upgraded shares of Cellnex Telecom to an “overweight” rating in a research report on Monday, August 24th. Finally, The Goldman Sachs Group downgraded shares of Cellnex Telecom from a “hold” rating to a “sell” rating in a research report on Friday, September 4th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
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Cellnex Telecom Price Performance
Cellnex Telecom Company Profile
Cellnex Telecom is a European telecommunications infrastructure company that owns and operates wireless communications sites and related network assets. Its infrastructure supports mobile operators, broadcasters, public-sector organizations and other communications providers by enabling the transmission of voice, data and audiovisual services.
The company’s activities include the deployment, management and leasing of macro towers, small cells and distributed antenna systems. Cellnex also provides connectivity and infrastructure solutions for private networks, smart-city applications, public safety communications and the broadcasting of television and radio signals.
Cellnex was established in 2015 following the separation of Abertis’s telecommunications infrastructure business, although its operating activities have earlier roots.
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