Bloomberg News

Hot Advances Most in a Week on Clal Finance Rating Upgrade

January 02, 2012

(Updates with closing share price in second paragraph.)

Jan. 1 (Bloomberg) -- Hot Telecommunication System Ltd. jumped the most in almost a week after Clal Finance Brokerage Ltd. raised its recommendation on the shares to “buy” from “outperform.”

Hot gained 1.4 percent, the biggest increase since Dec. 26, to 48.05 shekels at the 4:30 p.m. close in Tel Aviv.

“The company’s share in the communications market will increase,” Clal’s Tsahi Avraham wrote in an e-mailed report today.

Top Israeli Stories: TOP IS <GO> Israel Daybook: NI ISRAELDAY <GO>

--Editor: Susan Lerner

To contact the reporter on this story: Gwen Ackerman in Jerusalem at gackerman@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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