Cellcom Israel (OTCMKTS:CELJF) Shares Gap Down – Here’s What Happened

Cellcom Israel, Ltd. (OTCMKTS:CELJF)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $10.9720, but opened at $10.51. Cellcom Israel shares last traded at $10.51, with a volume of 1,467 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Cellcom Israel to a “strong-buy” rating in a research report on Sunday, July 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Cellcom Israel Stock Performance

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 firm has a market cap of $1.72 billion, a price-to-earnings ratio of 27.66 and a beta of 1.04. The business has a 50 day moving average of $9.86 and a 200 day moving average of $8.52.

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

About Cellcom Israel

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.