Cellnex Telecom (OTCMKTS:CLNXF) Shares Up 4.8% – Here’s Why

Cellnex Telecom, S.A. (OTCMKTS:CLNXFGet Free Report)’s share price shot up 4.8% on Monday . The stock traded as high as $30.7550 and last traded at $30.7550. 297 shares changed hands during trading, a decline of 76% from the average session volume of 1,263 shares. The stock had previously closed at $29.34.

Cellnex Telecom Stock Up 4.8%

The business has a fifty day moving average price of $30.86 and a two-hundred day moving average price of $33.51.

Cellnex Telecom Company Profile

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Cellnex Telecom is a leading independent operator of wireless telecommunications infrastructure in Europe. Headquartered in Madrid, the company specializes in the development, management and leasing of passive and active network assets for mobile network operators, broadcasters, public safety agencies and enterprise clients. Its core offerings include traditional tower sites, rooftop installations and in-building distributed antenna systems (DAS), alongside newer solutions such as small cells, fiber connectivity and edge computing nodes.

Founded in 2015 as a spin-off from Abertis Infraestructuras, Cellnex has grown rapidly through a combination of organic roll-outs and strategic acquisitions.

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