Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 30,938 shares, an increase of 317.9% from the September 30th total of 7,404 shares. Based on an average trading volume of 319,771 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the stock. UBS Group cut shares of 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 note on Monday, August 24th. Finally, The Goldman Sachs Group lowered Cellnex Telecom from a “hold” rating to a “sell” rating in a report on Friday, September 4th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cellnex Telecom presently has an average rating of “Hold”.
View Our Latest Analysis on Cellnex Telecom
Cellnex Telecom Trading Up 2.7%
OTCMKTS CLLNY traded up $0.37 during trading hours on Thursday, reaching $14.26. 123,065 shares of the stock traded hands, compared to its average volume of 239,957. The stock has a 50 day simple moving average of $14.22 and a two-hundred day simple moving average of $15.66. Cellnex Telecom has a 1 year low of $12.28 and a 1 year high of $19.23.
Cellnex Telecom Company Profile
Cellnex Telecom is a European telecommunications infrastructure company that operates wireless communications sites and related networks. The company provides infrastructure used by mobile network operators, broadcasters, public authorities and other organizations to deliver connectivity and communications services.
Its portfolio includes macro towers, rooftop sites, distributed antenna systems, small-cell networks and fiber-connected infrastructure. Cellnex also manages broadcasting infrastructure and develops connectivity solutions for smart cities, private networks, public safety and the Internet of Things.
Headquartered in Barcelona, Cellnex was established in 2015 following the reorganization of Abertis’s telecommunications infrastructure business.
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