Cellcom Israel (CEL) Reaches New 12-Month Low at $4.81

Shares of Cellcom Israel Ltd. (NYSE:CEL) reached a new 52-week low on Tuesday . The company traded as low as $4.81 and last traded at $4.88, with a volume of 6 shares traded. The stock had previously closed at $5.19.

Separately, TheStreet raised shares of Cellcom Israel from a “d+” rating to a “c-” rating in a research report on Tuesday, November 27th.

The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.53.

Cellcom Israel (NYSE:CEL) last released its quarterly earnings data on Thursday, November 22nd. The technology company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.15). The business had revenue of $251.00 million during the quarter. Cellcom Israel had a negative return on equity of 1.11% and a negative net margin of 0.45%.

A number of institutional investors have recently added to or reduced their stakes in CEL. Delek Group Ltd. boosted its holdings in Cellcom Israel by 46.6% in the fourth quarter. Delek Group Ltd. now owns 1,001,107 shares of the technology company’s stock worth $5,727,000 after purchasing an additional 318,406 shares during the period. Vanguard Group Inc. boosted its holdings in Cellcom Israel by 5.8% in the third quarter. Vanguard Group Inc. now owns 1,253,022 shares of the technology company’s stock worth $8,508,000 after purchasing an additional 68,371 shares during the period. Vanguard Group Inc boosted its holdings in Cellcom Israel by 5.8% in the third quarter. Vanguard Group Inc now owns 1,253,022 shares of the technology company’s stock worth $8,508,000 after purchasing an additional 68,371 shares during the period. Jane Street Group LLC boosted its holdings in Cellcom Israel by 100.4% in the fourth quarter. Jane Street Group LLC now owns 65,878 shares of the technology company’s stock worth $387,000 after purchasing an additional 33,006 shares during the period. Finally, ARK Investment Management LLC boosted its holdings in Cellcom Israel by 32.7% in the third quarter. ARK Investment Management LLC now owns 94,696 shares of the technology company’s stock worth $654,000 after purchasing an additional 23,319 shares during the period. 5.91% of the stock is owned by hedge funds and other institutional investors.

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About Cellcom Israel (NYSE:CEL)

Cellcom Israel Ltd. provides cellular and landline telecommunications services in Israel. It operates through two segments, Cellular and Fixed-line. The company offers basic cellular telephony services, such as voice mail, cellular fax, call waiting, call forwarding, caller identification, conference calling, and inbound and outbound roaming services; and data transfer, and upload and download services.

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