Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY – Get Free Report) gapped up before the market opened on Friday. The stock had previously closed at $12.65, but opened at $13.26. Cellnex Telecom shares last traded at $13.2950, with a volume of 35,950 shares.
Wall Street Analysts Forecast Growth
CLLNY has been the subject of a number of recent analyst reports. UBS Group cut shares of Cellnex Telecom to a “neutral” rating in a report on Tuesday, August 18th. The Goldman Sachs Group lowered shares of Cellnex Telecom from a “hold” rating to a “sell” rating in a research note on Friday, September 4th. Finally, Barclays upgraded Cellnex Telecom to an “overweight” rating in a research note on Monday, August 24th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cellnex Telecom currently has a consensus rating of “Hold”.
View Our Latest Report on Cellnex Telecom
Cellnex Telecom Stock Up 5.0%
About Cellnex Telecom
Cellnex Telecom, SA is a Spanish independent telecommunications infrastructure company that owns and operates wireless communications assets. Its infrastructure supports mobile network operators, broadcasters, governments and other organizations that require reliable connectivity.
The company’s activities include managing telecommunications towers and rooftop sites, distributed antenna systems, small-cell networks and other solutions that improve wireless coverage and capacity. Cellnex also operates infrastructure for digital broadcasting, public safety communications, smart-city services and Internet of Things applications.
Cellnex was established in 2015 after the telecommunications infrastructure business of Abertis was separated and listed on the Spanish stock market.
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