Cellnex Telecom (OTCMKTS:CLLNY) Shares Gap Up – Still a Buy?

Cellnex Telecom SA – Unsponsored ADR (OTCMKTS:CLLNYGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $13.70, but opened at $14.56. Cellnex Telecom shares last traded at $14.5750, with a volume of 16,978 shares changing hands.

Cellnex Telecom Trading Up 3.8%

The stock has a fifty day simple moving average of $15.71 and a 200-day simple moving average of $16.23.

About Cellnex Telecom

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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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