Cellnex Telecom (OTCMKTS:CLLNY – Get Free Report) is anticipated to issue its results before the market opens on Friday, February 27th. Analysts expect the company to announce earnings of $0.1253 per share and revenue of $1.2409 billion for the quarter.
Cellnex Telecom Stock Performance
Shares of CLLNY opened at $18.27 on Thursday. Cellnex Telecom has a twelve month low of $14.18 and a twelve month high of $20.45. The firm’s 50-day moving average is $16.16 and its two-hundred day moving average is $16.32.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Barclays upgraded Cellnex Telecom to a “hold” rating in a report on Friday, November 28th. Citigroup reissued a “buy” rating on shares of Cellnex Telecom in a report on Thursday, February 12th. New Street Research raised Cellnex Telecom to a “buy” rating in a research note on Wednesday, December 17th. Finally, The Goldman Sachs Group lowered shares of Cellnex Telecom from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Cellnex Telecom has a consensus rating of “Moderate Buy”.
Cellnex Telecom Company Profile
Cellnex Telecom SA is a leading independent wireless telecommunications infrastructure operator based in Barcelona, Spain. The company designs, builds and manages telecom tower sites and related connectivity solutions, offering site rental services to mobile network operators, broadcasters and enterprises. Its portfolio includes macro sites, distributed antenna systems (DAS), small cells, in-building coverage, fiber networks and edge computing nodes, all aimed at enhancing voice, data and next-generation digital services.
Founded as a spin-off from Abertis Infraestructuras in 2015, Cellnex launched an initial public offering on the Madrid Stock Exchange in May of that year.
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