Cellcom Israel (CEL) Reaches New 52-Week High and Low at $6.35

Shares of Cellcom Israel Ltd. (NYSE:CEL) hit a new 52-week high and low on Thursday . The company traded as low as $6.35 and last traded at $6.34, with a volume of 3853 shares traded. The stock had previously closed at $6.49.

Separately, ValuEngine upgraded shares of Cellcom Israel from a “hold” rating to a “buy” rating in a research note on Tuesday, March 13th.

The company has a market capitalization of $685.08 million, a price-to-earnings ratio of 26.08 and a beta of 2.06. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.46 and a current ratio of 1.50.

Cellcom Israel (NYSE:CEL) last issued its quarterly earnings results on Wednesday, May 30th. The technology company reported $0.02 earnings per share for the quarter. The firm had revenue of $265.00 million during the quarter. Cellcom Israel had a net margin of 2.46% and a return on equity of 6.66%.

Large investors have recently modified their holdings of the stock. Citadel Advisors LLC acquired a new stake in Cellcom Israel during the 4th quarter worth $150,000. ARK Investment Management LLC acquired a new stake in Cellcom Israel during the 4th quarter worth $272,000. Jane Street Group LLC boosted its stake in Cellcom Israel by 68.0% during the 4th quarter. Jane Street Group LLC now owns 121,136 shares of the technology company’s stock worth $1,236,000 after purchasing an additional 49,048 shares during the period. Delek Group Ltd. acquired a new stake in Cellcom Israel during the 4th quarter worth $13,161,000. Finally, Renaissance Technologies LLC raised its position in Cellcom Israel by 0.4% during the 4th quarter. Renaissance Technologies LLC now owns 3,724,400 shares of the technology company’s stock worth $37,987,000 after buying an additional 15,500 shares during the last quarter. Hedge funds and other institutional investors own 7.66% of the company’s stock.

Cellcom Israel Company Profile

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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