Shares of Cellcom Israel, Ltd. (NYSE:CEL) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Zacks has also assigned Cellcom Israel an industry rank of 69 out of 265 based on the ratings given to its competitors.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Cellcom Israel during the fourth quarter valued at about $15,801,000. Vanguard Group Inc. boosted its position in shares of Cellcom Israel by 7.3% in the first quarter. Vanguard Group Inc. now owns 935,422 shares of the technology company’s stock valued at $9,617,000 after buying an additional 63,438 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Cellcom Israel during the first quarter valued at about $321,000. Bank of America Corp DE boosted its position in shares of Cellcom Israel by 153.2% in the first quarter. Bank of America Corp DE now owns 47,781 shares of the technology company’s stock valued at $492,000 after buying an additional 28,910 shares during the last quarter. Finally, Credit Suisse AG boosted its position in shares of Cellcom Israel by 61.6% in the first quarter. Credit Suisse AG now owns 61,754 shares of the technology company’s stock valued at $635,000 after buying an additional 23,544 shares during the last quarter. Hedge funds and other institutional investors own 6.21% of the company’s stock.
Cellcom Israel (CEL) traded up 1.41% during midday trading on Monday, hitting $9.32. 3,089 shares of the stock traded hands. The company has a market cap of $937.63 million, a price-to-earnings ratio of 28.85 and a beta of 1.97. Cellcom Israel has a 52-week low of $5.70 and a 52-week high of $11.19. The firm’s 50-day moving average is $9.91 and its 200-day moving average is $9.85.
Cellcom Israel (NYSE:CEL) last posted its quarterly earnings results on Wednesday, May 24th. The technology company reported $0.07 EPS for the quarter. The firm had revenue of $264 million for the quarter. Cellcom Israel had a net margin of 2.95% and a return on equity of 8.78%. Analysts predict that Cellcom Israel will post $0.44 EPS for the current year.
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Cellcom Israel Company Profile
Cellcom Israel Ltd. is engaged in the provision of cellular telephone services. The Company offers fixed-line services. The Company operates in two segments: Cellular and Fixed-line. The cellular segment includes the cellular communications services, end user cellular equipment and supplemental services.
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