Cellnex Telecom (OTCMKTS:CLNXF) Downgraded to “Sector Perform” at Royal Bank of Canada

Royal Bank of Canada cut shares of Cellnex Telecom (OTCMKTS:CLNXFGet Rating) from an outperform rating to a sector perform rating in a research report sent to investors on Monday, Briefing.com reports.

A number of other equities analysts also recently weighed in on the stock. Morgan Stanley reissued an equal weight rating on shares of Cellnex Telecom in a research note on Tuesday, December 6th. UBS Group upgraded shares of Cellnex Telecom from a neutral rating to a buy rating in a report on Thursday, December 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $56.00.

Cellnex Telecom Price Performance

Shares of OTCMKTS CLNXF opened at $40.44 on Monday. Cellnex Telecom has a twelve month low of $28.06 and a twelve month high of $51.11. The firm has a fifty day simple moving average of $34.94 and a 200 day simple moving average of $36.39.

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 segments: Telecom Infrastructure Services, Broadcasting Infrastructure and Other Network Services.

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