Cellnex Telecom (OTCMKTS:CLLNY) Sees Large Volume Increase – Time to Buy?

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNYGet Free Report) saw unusually-strong trading volume on Monday . Approximately 289,714 shares traded hands during mid-day trading, an increase of 165% from the previous session’s volume of 109,519 shares.The stock last traded at $14.99 and had previously closed at $14.96.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CLLNY. Barclays raised Cellnex Telecom to a “hold” rating in a research note on Friday, November 28th. Citigroup upgraded shares of Cellnex Telecom from a “hold” rating to a “buy” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Cellnex Telecom presently has a consensus rating of “Buy”.

Get Our Latest Research Report on Cellnex Telecom

Cellnex Telecom Trading Up 0.2%

The business has a 50-day simple moving average of $15.65 and a 200 day simple moving average of $17.35.

Cellnex Telecom Company Profile

(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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