B Communications (OTCMKTS:BCOMF) Shares Gap Up – Time to Buy?

B Communications Ltd. (OTCMKTS:BCOMFGet Free Report)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $8.75, but opened at $10.00. B Communications shares last traded at $10.00, with a volume of 657 shares trading hands.

B Communications Stock Performance

The firm has a market capitalization of $859.35 million, a price-to-earnings ratio of 11.00 and a beta of 1.47. The company has a 50-day moving average price of $8.95 and a 200-day moving average price of $7.72. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 1.16.

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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