Cellcom Israel (OTCMKTS:CELJF) Shares Gap Down – Time to Sell?

Shares of Cellcom Israel, Ltd. (OTCMKTS:CELJF) gapped down before the market opened on Thursday . The stock had previously closed at $10.21, but opened at $9.00. Cellcom Israel shares last traded at $10.60, with a volume of 300 shares traded.

Analysts Set New Price Targets

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

Cellcom Israel Price Performance

The company has a market capitalization of $1.64 billion, a PE ratio of 26.47 and a beta of 1.04. The stock has a 50 day moving average price of $9.70 and a two-hundred day moving average price of $8.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 0.67.

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