Cellnex Telecom (CLLNY) Set to Release Earnings on Friday

Cellnex Telecom (OTCMKTS:CLLNY) is anticipated to issue its results after the market closes on Friday, November 6th. Analysts expect the company to announce earnings of $0.0215 per share and revenue of $1.16 billion for the quarter.

Cellnex Telecom Price Performance

Shares of OTCMKTS:CLLNY opened at $15.11 on Thursday. Cellnex Telecom has a 52-week low of $12.28 and a 52-week high of $19.23. The business’s 50 day moving average is $14.14 and its 200 day moving average is $15.63.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. The Goldman Sachs Group cut Cellnex Telecom from a “hold” rating to a “sell” rating in a report on Friday, September 4th. UBS Group lowered Cellnex Telecom to a “neutral” rating in a research note on Tuesday, August 18th. Finally, Barclays upgraded Cellnex Telecom to an “overweight” rating in a report on Monday, August 24th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cellnex Telecom currently has an average rating of “Hold”.

About Cellnex Telecom

Cellnex Telecom is a European telecommunications infrastructure company that operates wireless communications sites and related networks. The company provides infrastructure used by mobile network operators, broadcasters, public authorities and other organizations to deliver connectivity and communications services.

Its portfolio includes macro towers, rooftop sites, distributed antenna systems, small-cell networks and fiber-connected infrastructure. Cellnex also manages broadcasting infrastructure and develops connectivity solutions for smart cities, private networks, public safety and the Internet of Things.

Headquartered in Barcelona, Cellnex was established in 2015 following the reorganization of Abertis’s telecommunications infrastructure business.