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

Key Points

• Cellcom Israel's shares experienced a gap down at market opening, starting at $7.38 from a previous close of $8.35, before trading at $8.50 with a volume of 2,067 shares.
• Wall Street Zen has upgraded Cellcom Israel to a "strong-buy" rating as of July 20th, indicating increased analyst confidence in the stock.
• The company reported a quarterly EPS of $0.09 with revenues of $300.50 million, reflecting a net margin of 5.11% and a return on equity of 9.26%.

Cellcom Israel, Ltd. (OTCMKTS:CELJF - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $8.35, but opened at $7.38. Cellcom Israel shares last traded at $8.50, with a volume of 2,067 shares trading 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.

Cellcom Israel Stock Performance

The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 0.44. The business's fifty day moving average price is $7.90 and its two-hundred day moving average price is $7.09.

Cellcom Israel (OTCMKTS:CELJF - Get Free Report) last posted its earnings results on Wednesday, June 25th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $300.50 million during the quarter. Cellcom Israel had a net margin of 5.11% and a return on equity of 9.26%.

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.