Cellnex Telecom (CLLNY) Expected to Announce Quarterly Earnings on Friday

Cellnex Telecom (OTCMKTS:CLLNY) will likely be announcing 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 Stock Performance

Shares of OTCMKTS:CLLNY opened at $18.09 on Wednesday. Cellnex Telecom has a 52-week low of $14.18 and a 52-week high of $20.45. The business has a fifty day moving average of $16.10 and a two-hundred day moving average of $16.31.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CLLNY. New Street Research upgraded shares of Cellnex Telecom to a “buy” rating in a research report on Wednesday, December 17th. Barclays upgraded shares of Cellnex Telecom to a “hold” rating in a report on Friday, November 28th. The Goldman Sachs Group cut Cellnex Telecom from a “strong-buy” rating to a “hold” rating in a report on Friday, January 9th. Finally, Citigroup reiterated 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 given a Hold rating to the company’s stock. Based on 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.