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

Cellcom Israel, Ltd. (OTCMKTS:CELJF) 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 changing hands.

Wall Street Analysts Forecast Growth

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

Cellcom Israel Stock Down 13.1%

The business’s fifty day moving average price is $9.82 and its two-hundred day moving average price is $8.48. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.67 and a quick ratio of 0.60. The stock has a market capitalization of $1.72 billion, a PE ratio of 27.66 and a beta of 1.04.

Cellcom Israel (OTCMKTS:CELJF) last posted its earnings results on Wednesday, October 15th. The company reported $0.11 earnings per share (EPS) for the quarter. The company had revenue of $311.45 million during 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.