Cellnex Telecom (OTCMKTS:CLLNY) Trading 1.3% Higher – Here’s What Happened

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNYGet Free Report) shares traded up 1.3% during trading on Thursday . The company traded as high as $16.80 and last traded at $16.74. 113,822 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 98,949 shares. The stock had previously closed at $16.53.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Berenberg Bank upgraded Cellnex Telecom to a “strong-buy” rating in a report on Thursday, June 26th. Citigroup raised Cellnex Telecom from a “hold” rating to a “buy” rating in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to data from MarketBeat, Cellnex Telecom currently has a consensus rating of “Strong Buy”.

Read Our Latest Analysis on CLLNY

Cellnex Telecom Price Performance

The business has a 50-day moving average of $17.36 and a 200-day moving average of $18.38.

About Cellnex Telecom

(Get Free Report)

Cellnex Telecom, SA operates infrastructure for wireless telecommunication in Austria, Denmark, Spain, France, Ireland, Italy, the Netherlands, Poland, Portugal, the United Kingdom, Sweden, and Switzerland. It operates through three segments: Telecom Infrastructure Services, Broadcasting Infrastructure, and Other Network Services.

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