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Chardan Capital upgraded B Communications (NASDAQ:BCOM) from Neutral to Buy in a statement released earlier today.

Just yesterday B Communications (NASDAQ:BCOM) traded 2.25% lower at $23.00. BCOM’s 50-day moving average is $23.96 and its 200-day average is $26.03. The last stock price close is down 11.66% relative to the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Trading volume was was down over the average, with 520 shares of BCOM changing hands under the typical 2,092 shares..

Chardan Capital has upgraded B Communications(NASDAQ:BCOM) from Neutral to Buy in a statement released 9/20/2016.

Performance Graphic:

B Communications (NASDAQ:BCOM)

Also covering B Communications’s stock price target, a total of 1 equity analyst has released a ratings update on the company. The 12-month target is $28.87 with 0 rating the stock a strong buy, one firm rating the company a buy, 0 analysts rating the stock a hold, 0 rating the company to underperform, and lastly 0 analysts rating the company as sell.

With a total market value of $0.0, B Communications has a 52 week low of $19.05 and a 52 week high of $31.86 with a price-earnings ratio of 16.

Brief Synopsis About B Communications (NASDAQ:BCOM)

B Communications Ltd. is focused on the telecommunications industry. The Company’s principal asset is its ownership interest in Bezeq The Israel Telecommunications Corp. Ltd. (Bezeq), a provider of communications services in Israel. Bezeq and its subsidiaries operate through segments, including Bezeq, which offers fixed-line telephony services and fixed-line broadband Internet infrastructure access; Pelephone, which offers cellular telephony services; Bezeq International, which offers Internet service provider (ISP) and international telephony (ILD) services, and DBS, which offers pay television services. Bezeq offers a range of telecommunications operations and services, including domestic fixed-line, Internet services, television and radio broadcasts, satellite broadcasts, maintenance and development of communications infrastructures, providing communications services to other communications providers, and and supply and maintenance of equipment on customer premises.

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