Cellcom Israel (OTCMKTS:CELJF) Shares Gap Up - Should You Buy?

Key Points

• Cellcom Israel's shares experienced a significant increase, gapping up from a previous closing price of $7.56 to $8.70 upon market opening.
• A recent upgrade by Wall Street Zen has given Cellcom Israel a "strong-buy" rating, potentially impacting investor sentiment.
• The company reported a net margin of 5.11% and a return on equity of 9.26% in its latest quarterly earnings, indicating solid financial performance.

Cellcom Israel, Ltd. (OTCMKTS:CELJF - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $7.56, but opened at $8.70. Cellcom Israel shares last traded at $8.70, with a volume of 191 shares trading hands.

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's fifty day moving average is $7.64 and its 200 day moving average is $6.95. 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 issued its quarterly earnings results on Wednesday, June 25th. The company reported $0.09 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%.

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.