Cellcom Israel (OTCMKTS:CELJF) Shares Gap Down - Here's What Happened

Key Points

• Cellcom Israel shares gapped down from a previous close of $10.20 to open at $9.61 before trading at the same price with a volume of 151 shares.
• Despite a recent upgrade to a "strong-buy" rating by Wall Street Zen, the current consensus rating for the stock remains a "Sell."
• The company has a market capitalization of $1.57 billion and a P/E ratio of 26.69, indicating moderate valuation metrics amid a challenging market environment.

Cellcom Israel, Ltd. (OTCMKTS:CELJF - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $10.20, but opened at $9.61. Cellcom Israel shares last traded at $9.61, with a volume of 151 shares.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Cellcom Israel to a "strong-buy" rating in a research note on Sunday, July 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell".

Cellcom Israel Stock Performance

The stock has a market capitalization of $1.57 billion, a P/E ratio of 26.69 and a beta of 1.06. The company's 50-day moving average is $9.41 and its two-hundred day moving average is $8.00. The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 0.44.

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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