Cellcom Israel (OTCMKTS:CELJF) Trading 8.9% Higher – What’s Next?

Shares of Cellcom Israel, Ltd. (OTCMKTS:CELJF) shot up 8.9% on Wednesday . The company traded as high as $11.95 and last traded at $11.95. 922 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 1,714 shares. The stock had previously closed at $10.9720.

Analyst Upgrades and Downgrades

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

Cellcom Israel Price Performance

The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 31.84 and a beta of 1.04. The company has a quick ratio of 0.60, a current ratio of 0.67 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average of $9.76 and a 200-day moving average of $8.46.

Cellcom Israel (OTCMKTS:CELJF) last issued its earnings results on Wednesday, October 15th. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $311.45 million during 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.