Cellcom Israel (OTCMKTS:CELJF) Sets New 1-Year High - Should You Buy?

Key Points

• Cellcom Israel's stock reached a new 52-week high at $9.10 before closing at $8.91, representing a notable increase from its previous close of $8.38.
• Analysts from Wall Street Zen upgraded Cellcom Israel to a "strong-buy" rating, indicating positive sentiment towards the company's stock.
• The company's most recent quarterly earnings reported an EPS of $0.09 and revenue of $300.50 million, showcasing solid financial performance.

Cellcom Israel, Ltd. (OTCMKTS:CELJF - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $9.10 and last traded at $8.91, with a volume of 2870 shares trading hands. The stock had previously closed at $8.38.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Cellcom Israel to a "strong-buy" rating in a report on Sunday, July 20th.

Cellcom Israel Stock Up 6.4%

The firm has a market capitalization of $1.46 billion, a PE ratio of 24.75 and a beta of 0.91. The company's fifty day simple moving average is $7.60 and its 200 day simple moving average is $6.93. 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, June 25th. The company reported $0.09 EPS for the quarter. The firm had revenue of $300.50 million for the quarter. Cellcom Israel had a return on equity of 9.26% and a net margin of 5.11%.

Cellcom Israel Company Profile

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.

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