Cellnex Telecom (CLLNY) to Release Quarterly Earnings on Friday

Cellnex Telecom (OTCMKTS:CLLNY) is expected to be posting its results before the market opens on Friday, February 27th. Analysts expect Cellnex Telecom to post earnings of $0.1253 per share and revenue of $1.2409 billion for the quarter.

Cellnex Telecom Trading Up 1.6%

CLLNY opened at $18.20 on Tuesday. The business’s 50-day simple moving average is $16.04 and its 200 day simple moving average is $16.30. Cellnex Telecom has a 52-week low of $14.18 and a 52-week high of $20.45.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group cut Cellnex Telecom from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 9th. Citigroup restated a “buy” rating on shares of Cellnex Telecom in a report on Thursday, February 12th. Barclays upgraded shares of Cellnex Telecom to a “hold” rating in a research note on Friday, November 28th. Finally, New Street Research upgraded shares of Cellnex Telecom to a “buy” rating in a research note on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Cellnex Telecom currently 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.