B Communications (OTCMKTS:BCOMF) Shares Gap Up – Here’s Why

B Communications Ltd. (OTCMKTS:BCOMFGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $10.25, but opened at $14.22. B Communications shares last traded at $14.22, with a volume of 651 shares.

B Communications Stock Up 36.6%

The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 18.67 and a beta of 1.47. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.01 and a quick ratio of 0.98. The business has a fifty day moving average of $7.53 and a 200 day moving average of $7.04.

B Communications Company Profile

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B Communications Ltd is an Israel?based holding company whose principal asset is its controlling equity interest in Bezeq The Israel Telecommunication Corporation Ltd, the country’s largest integrated telecommunications provider. B Communications itself does not operate telecom services directly but derives its revenues and strategic direction from its stake in Bezeq, which offers a full suite of communications services across Israel.

Through Bezeq and its subsidiaries, B Communications benefits from operations in fixed-line telephony, broadband internet access, cellular mobile services, international communications and pay-TV broadcasting.

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