- Bezeq reported a net income of 281 million shekels for the third quarter of 2024, a decrease of 5.4% compared to the same period last year.
- The company’s revenue declined by 1.4% year-over-year, reaching 2.23 billion shekels.
- EBITDA was recorded at 880 million shekels, showing a 1.7% decrease from the previous year.
- The mobile average revenue per user dropped by 11% year-over-year, to 51 shekels.
- On November 18, 2024, Bezeq’s board approved an efficiency plan, including the early retirement of 85 tenured employees in 2025, with an associated cost of 90 million shekels.
- This cost is expected to be reflected in the company’s financial statements for the fourth quarter of 2024.
- Following the announcement, Bezeq’s shares fell 3% to 511.00 shekels, with a trading volume of 6.75 million shares.
- The company’s stock received 4 buy ratings, 1 hold, and no sell ratings.
A look at Bezeq The Israeli Telecom Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bezeq The Israeli Telecom Co‘s long-term outlook seems positive according to the Smartkarma Smart Scores. With a strong dividend score of 4 and growth score of 4, the company shows promise in terms of both providing returns to investors and potential for expansion. The momentum score of 4 indicates that the company is moving in the right direction, while the value score of 2 suggests there may be room for improvement in terms of the company’s current valuation. Additionally, a resilience score of 2 highlights some potential risks that investors should consider.
Bezeq Israeli Telecommunication Corporation Ltd. focuses on offering a variety of telecommunications services in Israel, including local, long-distance, and international services. The company also provides Internet access lines, calling cards, and high-volume data transfer networks. Overall, Bezeq appears well-positioned for growth and income generation based on its Smartkarma Smart Scores, presenting an intriguing opportunity for investors looking to capitalize on the Israeli telecommunications sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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