Cellnex Telecom (OTCMKTS:CLNXF) Shares Down 1% – Here’s What Happened

Cellnex Telecom, S.A. (OTCMKTS:CLNXF)’s share price fell 1% on Thursday. The company traded as low as $28.97 and last traded at $28.97. Approximately 329 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 4,361 shares. The stock had previously closed at $29.2750.

Cellnex Telecom Stock Performance

The company has a 50 day moving average of $29.33 and a two-hundred day moving average of $31.22.

About Cellnex Telecom

Cellnex Telecom, SA is a Barcelona-based independent telecommunications infrastructure company that develops, owns and operates wireless communications sites and related network infrastructure. Its assets support mobile operators, broadcasters, public authorities and other customers that require connectivity infrastructure.

The company’s activities include operating telecommunications towers and rooftop sites, distributed antenna systems, small-cell networks and fiber connections. Cellnex also provides infrastructure for broadcast networks, private networks, public-safety communications, smart-city services and Internet of Things applications.

Cellnex was established in 2000 as Abertis Telecom and became a publicly traded company in Spain in 2015 after being separated from Abertis.