Cellcom Israel (OTCMKTS:CELJF) Trading Down 16.1% – What’s Next?

Shares of Cellcom Israel, Ltd. (OTCMKTS:CELJF) dropped 16.1% during trading on Friday . The company traded as low as $8.64 and last traded at $8.64. Approximately 200 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 1,745 shares. The stock had previously closed at $10.30.

Analyst Upgrades and Downgrades

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

Cellcom Israel Stock Up 1.4%

The firm has a market capitalization of $1.69 billion, a PE ratio of 27.17 and a beta of 1.04. The firm’s 50 day moving average price is $9.68 and its two-hundred day moving average price is $8.35. 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 quarterly earnings data on Wednesday, October 15th. The company reported $0.11 EPS for the quarter. The firm had revenue of $311.45 million for the quarter. Cellcom Israel had a net margin of 5.40% and a return on equity of 9.76%.

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.