Cellcom Israel (OTCMKTS:CELJF) Shares Gap Up – Here’s Why

Shares of Cellcom Israel, Ltd. (OTCMKTS:CELJF) gapped up before the market opened on Monday . The stock had previously closed at $9.70, but opened at $10.60. Cellcom Israel shares last traded at $10.60, with a volume of 186 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Cellcom Israel to a “strong-buy” rating in a report on Sunday, July 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Cellcom Israel Stock Performance

The business’s 50-day moving average price is $9.59 and its 200-day moving average price is $8.27. The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.67 billion, a PE ratio of 26.87 and a beta of 1.06.

Cellcom Israel (OTCMKTS:CELJF) last released its earnings results on Wednesday, October 15th. The company reported $0.11 earnings per share for the quarter. The company had revenue of $311.45 million for the quarter. Cellcom Israel had a net margin of 5.40% and a return on equity of 9.76%.

Cellcom Israel Company Profile

Cellcom Israel Ltd. provides cellular communications services in Israel. It operates in two segments, Cellular and Fixed-line. The Cellular segment offers cellular communications, and cellular equipment and related services. The Fixed-line segment provides infrastructure and internet access, internet-based television, international telephony, landline telephony services, and transmission services for business customers and for telecommunication operators; and conferencing, cloud computing, and server hosting services, as well as IOT solutions.