Cellcom Israel (OTCMKTS:CELJF) Hits New 52-Week High – Time to Buy?

Cellcom Israel, Ltd. (OTCMKTS:CELJF) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.03 and last traded at $10.9720, with a volume of 200 shares trading hands. The stock had previously closed at $10.06.

Analysts Set New Price Targets

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

Cellcom Israel Trading Up 9.1%

The company has a market cap of $1.79 billion, a PE ratio of 28.87 and a beta of 1.04. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 0.67. The company has a 50 day simple moving average of $9.73 and a two-hundred day simple moving average of $8.43.

Cellcom Israel (OTCMKTS:CELJF) last posted its quarterly earnings results on Wednesday, October 15th. The company reported $0.11 earnings per share for the quarter. Cellcom Israel had a return on equity of 9.76% and a net margin of 5.40%.The company had revenue of $311.45 million during the quarter.

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.