Battered Cellcom stock gets a lifeline with a Neutral rating from IBI analyst
Haaretz Monday 21st May, 2012
IBI Investment House has lifted its Cellcom recommendation from Reduce to Neutral, despite the recent turmoil in the cellular market caused by an influx of competition. "We believe that the market isn't in equilibrium, that the new companies will be hard-pressed to sustain lean operations, as they hope to do, and that the large companies, despite the pressure they face, still have several more tools put away," said IBI telecom analyst Uri Lic...
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