Cellnex Telecom (OTCMKTS:CLLNY) Sets New 12-Month Low – Should You Sell?

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNYGet Free Report) shares hit a new 52-week low on Thursday . The company traded as low as $14.12 and last traded at $14.12, with a volume of 1103 shares trading hands. The stock had previously closed at $14.39.

Cellnex Telecom Stock Up 1.1%

The stock’s 50 day simple moving average is $16.10 and its 200 day simple moving average is $16.33.

Cellnex Telecom Company Profile

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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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