Cellcom Israel Ltd. (NYSE:CEL) Finding Strong Support

Cellcom Israel Ltd. (NYSE:CEL) Finding Strong Support


The Cellcom Israel Ltd. (CEL) shares are trading at higher $4.00.

To add more color to this target, the company’s high over the last year is $4.36 and the low is $1.80. Over the last 52 weeks, CEL is down -8.26% 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, CEL reported a profit of $69.0 million. Cellcom Israel Ltd. also saw revenues increase to $250.0 million. In addition, CEL has free cash flow of $48.0 million as of 03-2020 The company’s EBITDA came in at $66.0 million which compares well with its peers.

CEL booked profit margins of -3.60%, its Return on Equity (ROE) is -7.70%, and its Return on Assets is -1.90%. All told, it is clear that, CEL needs to be on your watchlist.

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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. CEL has a short ratio of 2.93 and outstanding shares of 148.06M.

Company Outlook

CEL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 13780.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.30. Cellcom Israel Ltd. CEL also noted assets of $1.9 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CEL has historically followed its peers on positive news.

All told, Cellcom Israel Ltd. CEL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CEL 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.

Cellcom Israel Ltd. CEL is now commanding a market cap of 604.24M and a float of 78.26M. CEL 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 CEL 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 CEL, either long or short, and we have not been compensated for this article.