Cellnex Tel traded at 22.17 this Thursday October 1st, decreasing 0.37 or 1.64 percent since the previous trading session. Looking back, over the last four weeks, Cellnex Tel lost 13.06 percent. Over the last 12 months, its price fell by 25.33 percent. Looking ahead, we forecast Cellnex Tel to be priced at 23.34 by the end of this quarter and at 21.51 in one year, according to Trading Economics global macro models projections and analysts expectations.
Cellnex Telecom SA is a Spain-based company engaged in the wireless telecommunications (telecom) business. Its activities are divided into three segments: Broadcasting infrastructure, Telecom site rental, as well as Network services and other. The Broadcasting infrastructure division comprises distribution and transmission of television (TV) and frequency modulation (FM) radio signals, operation and maintenance (O&M) of radio broadcasting network, as well as over-the-top (OTT) radio services, among others. The Telecom site rental division provides access to wireless infrastructure, primarily through infrastructure hosting and telecom equipment co-location, mainly for mobile network operators and other wireless and broadband telecom network operators. The Network services and other division offers connectivity services for a variety of telecom operators and radio communication, among others. The Company also develops 5th generation mobile networks (5G) through Alticom BV.