What’s Propelling B Communications Ltd (BCOM) to Reach Yearly Low?

July 17, 2017 - By Linda Rogers

The stock of B Communications Ltd (NASDAQ:BCOM) hit a new 52-week low and has $14.83 target or 4.00 % below today’s $15.45 share price. The 8 months bearish chart indicates high risk for the $1.60B company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $14.83 price target is reached, the company will be worth $64.00 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 8,358 shares traded or 176.39% up from the average. B Communications Ltd (NASDAQ:BCOM) has declined 17.85% since July 17, 2016 and is downtrending. It has underperformed by 34.55% the S&P500.

More notable recent B Communications Ltd (NASDAQ:BCOM) news were published by: Businesswire.com which released: “BCOM LOSS NOTICE: Rosen Law Firm Reminds B Communications Ltd. Investors of …” on July 05, 2017, also Globenewswire.com with their article: “IMPORTANT EQUITY ALERT: Khang & Khang LLP Announces Securities Class Action …” published on July 07, 2017, Prnewswire.com published: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on June 26, 2017. More interesting news about B Communications Ltd (NASDAQ:BCOM) were released by: Gurufocus.com and their article: “IMPORTANT EQUITY ALERT: Lundin Law PC Announces Securities Class Action …” published on July 15, 2017 as well as Businesswire.com‘s news article titled: “IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action …” with publication date: July 05, 2017.

B Communications Ltd. is focused on the telecommunications industry. The company has market cap of $1.60 billion. The Company’s principal asset is its ownership interest in Bezeq The Israel Telecommunications Corp. It currently has negative earnings. Ltd. , a well-known provider of communications services in Israel.

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