Bezeq is a declared telecommunication monopol in Israel. Cheap cellular and rising competition in ISP services, plus regulatory reforms forcing Bezeq to allow others use its infrastructure led to gradual demise in stock sentiment.
2019 revenue ₪13B, loss ₪1B.
2020 Q1 report: mayafiles.tase.co.il/rpdf/129600...
Cash balance: ₪2B
Company is not profitable, low gross profit, high operational costs.
I believe the stock will drop on the short term and retest lows, may have a higher low. Reversal isn't expected at this stage, especially not with the current competition between communication companies in Israel and unfavourable regulatory environment.
2019 revenue ₪13B, loss ₪1B.
2020 Q1 report: mayafiles.tase.co.il/rpdf/129600...
Cash balance: ₪2B
Company is not profitable, low gross profit, high operational costs.
I believe the stock will drop on the short term and retest lows, may have a higher low. Reversal isn't expected at this stage, especially not with the current competition between communication companies in Israel and unfavourable regulatory environment.