Cellnex Telecom, S.A. (OTCMKTS:CLLNY) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Cellnex Telecom, S.A. (OTCMKTS:CLLNY – Get Rating) have been given an average recommendation of “Buy” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $65.00.

Several analysts recently commented on CLLNY shares. JPMorgan Chase & Co. increased their target price on shares of Cellnex Telecom from €65.00 ($69.89) to €66.00 ($70.97) in a research note on Friday. Royal Bank of Canada reduced their price target on shares of Cellnex Telecom from €65.00 ($69.89) to €64.00 ($68.82) and set an “outperform” rating for the company in a research report on Wednesday, March 9th. Finally, Barclays reduced their price target on shares of Cellnex Telecom from €67.00 ($72.04) to €65.00 ($69.89) in a research report on Friday, January 21st.

CLLNY stock opened at $23.28 on Friday. Cellnex Telecom has a 12 month low of $21.59 and a 12 month high of $36.87. The firm has a 50 day simple moving average of $23.71 and a 200 day simple moving average of $26.11.

Cellnex Telecom Company Profile (Get Rating)

Cellnex Telecom SA engages in the operation of wireless telecommunications and broadcasting infrastructures. Its business activities include rental of sites for telecom operators, broadcast infrastructure activity, and other network services. It operates through the following geographical segments: Spain, Italy, Netherlands, France, Switzerland, and Other Countries.

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