Cellnex Telecom (OTCMKTS:CLNXF) Stock Price Down 0.7%

Cellnex Telecom, S.A. (OTCMKTS:CLNXF – Get Rating) shares fell 0.7% on Monday . The stock traded as low as $37.40 and last traded at $37.75. 1,011 shares were traded during mid-day trading, a decline of 29% from the average session volume of 1,423 shares. The stock had previously closed at $38.03.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CLNXF. Morgan Stanley restated an “equal weight” rating on shares of Cellnex Telecom in a research note on Tuesday, December 6th. UBS Group upgraded Cellnex Telecom from a “neutral” rating to a “buy” rating in a research note on Thursday, December 1st. Finally, Royal Bank of Canada lowered shares of Cellnex Telecom from an “outperform” rating to a “sector perform” rating in a report on Monday, January 23rd.

Cellnex Telecom Stock Down 0.7 %

The firm has a fifty day moving average of $38.33 and a 200-day moving average of $35.61.

Cellnex Telecom Company Profile

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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.