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

Cellcom Israel, Ltd. (OTCMKTS:CELJF)’s share price gapped down prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

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

Cellcom Israel Stock Down 1.2%

The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of 26.79 and a beta of 1.04. The stock has a 50 day moving average of $9.66 and a 200 day moving average of $8.34. The company has a quick ratio of 0.60, a current ratio of 0.67 and a debt-to-equity ratio of 0.44.

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