B Communications Ltd (NASDAQ:BCOM) is Holding Steady

B Communications Ltd (NASDAQ:BCOM) is Holding Steady

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The B Communications Ltd (BCOM) shares are trading at higher $2.68.

To add more color to this target, the company’s high over the last year is $2.73 and the low is $0.52. Over the last 52 weeks, BCOM is down -1.83% while the S&P 500 is up 0.46%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BCOM reported a profit of $481.0 million. B Communications Ltd also saw revenues increase to $613.0 million. In addition, BCOM has free cash flow of $0.0 as of 03-2020 The company’s EBITDA came in at $132.0 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BCOM has a short ratio of 0.23 and outstanding shares of 116.32M.

Company Outlook

BCOM has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.12 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.77. B Communications Ltd BCOM also noted assets of $4.53 billion at the end of the last quarter. Investors should also keep an eye on sector updates as BCOM has historically followed its peers on positive news.

All told, B Communications Ltd BCOM has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BCOM represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

B Communications Ltd BCOM is now commanding a market cap of 311.73M and a float of 21.96M. BCOM is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BCOM stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BCOM, either long or short, and we have not been compensated for this article.