Cellcom Israel (OTCMKTS:CELJF) Stock Price Up 12.2% - Here's Why

Key Points

• Stock jumped 12.2% as Cellcom Israel rose to $10.10 on Wednesday, but trading was light with about 643 shares changing hands (down ~59% from the 1,574 average).
• In the most recent quarter Cellcom reported $0.13 EPS on $307.28 million in revenue, with a net margin of 5.98% and ROE of 10.12%; the company carries a market cap of $1.65 billion and a P/E of 24.05.
• Balance-sheet and technicals show modest leverage (debt-to-equity 0.35) but tight short-term liquidity (current ratio 0.68, quick ratio 0.63), while the 50-day and 200-day moving averages sit at $11.58 and $10.91 respectively and beta is 0.94.

Cellcom Israel, Ltd. (OTCMKTS:CELJF - Get Free Report) rose 12.2% during trading on Wednesday . The company traded as high as $10.10 and last traded at $10.10. Approximately 643 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 1,574 shares. The stock had previously closed at $9.00.

Cellcom Israel Stock Up 12.2%

The company has a debt-to-equity ratio of 0.35, a current ratio of 0.68 and a quick ratio of 0.63. The firm's 50 day moving average price is $11.58 and its two-hundred day moving average price is $10.91. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 24.05 and a beta of 0.94.

Cellcom Israel (OTCMKTS:CELJF - Get Free Report) last posted its quarterly earnings data on Monday, January 12th. The company reported $0.13 earnings per share for the quarter. Cellcom Israel had a return on equity of 10.12% and a net margin of 5.98%.The company had revenue of $307.28 million during the quarter.

Cellcom Israel Company Profile

Cellcom Israel Ltd. is a leading provider of wireless telecommunications services in Israel. Established in 1994 and headquartered in Netanya, the company operates one of the country's most extensive cellular networks. Through its infrastructure, Cellcom delivers voice, messaging and data solutions to a broad customer base that includes individual consumers, small businesses and large enterprises.

The company's core offerings encompass mobile voice plans, high-speed 4G and 5G data connectivity, international roaming and value-added content services.

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