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Cellnex Telecom SA ( (ES:CLNX) ) has provided an update.
Cellnex Telecom S.A. has concluded its share buyback program, reaching a maximum monetary amount of 800 million euros with the acquisition of 24,064,404 shares, representing 3.41% of its share capital. This initiative aims to reduce the company’s share capital through the amortization of acquired shares, aligning with market regulations and decisions made by the Board of Directors and approved by the Ordinary General Shareholders’ Meeting.
The most recent analyst rating on (ES:CLNX) stock is a Buy with a EUR41.00 price target. To see the full list of analyst forecasts on Cellnex Telecom SA stock, see the ES:CLNX Stock Forecast page.
More about Cellnex Telecom SA
Cellnex Telecom S.A. operates in the telecommunications industry, primarily focusing on wireless infrastructure services. The company is known for providing network infrastructure solutions, including towers and small cells, to support mobile operators and broadcasters across Europe.
Average Trading Volume: 1,520,938
Technical Sentiment Signal: Sell
Current Market Cap: €22.79B
For a thorough assessment of CLNX stock, go to TipRanks’ Stock Analysis page.