Cellcom Israel (OTCMKTS:CELJF) Shares Up 3.1% – Should You Buy?

Cellcom Israel, Ltd. (OTCMKTS:CELJF) shot up 3.1% during mid-day trading on Monday . The stock traded as high as $9.28 and last traded at $9.28. 150 shares changed hands during trading, a decline of 89% from the average session volume of 1,313 shares. The stock had previously closed at $9.00.

Analysts Set New Price Targets

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

Cellcom Israel Trading Up 3.1%

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 company’s 50-day moving average is $8.40 and its 200-day moving average is $7.28.

Cellcom Israel (OTCMKTS:CELJF) last posted its quarterly earnings results on Wednesday, June 25th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $300.50 million for 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.