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.
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.