Cellnex Telecom (OTCMKTS:CLLNY) Stock Price Up 1.3% – Should You Buy?

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNY)’s share price traded up 1.3% during trading on Thursday . The company traded as high as $16.7450 and last traded at $16.65. 189,459 shares changed hands during mid-day trading, an increase of 151% from the average session volume of 75,600 shares. The stock had previously closed at $16.43.

Analyst Upgrades and Downgrades

Separately, Citigroup reaffirmed a “buy” rating on shares of Cellnex Telecom in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Cellnex Telecom Stock Performance

The firm has a fifty day moving average price of $16.57 and a two-hundred day moving average price of $16.09.

About Cellnex Telecom

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.