Cellcom Israel (CEL) Issues Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Cellcom Israel (NYSE:CEL) announced its earnings results on Monday. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.12), Morningstar.com reports. Cellcom Israel had a negative net margin of 0.45% and a negative return on equity of 1.11%. The business had revenue of $245.00 million for the quarter.

Cellcom Israel stock traded down $0.11 during trading hours on Tuesday, hitting $4.15. 12,887 shares of the stock traded hands, compared to its average volume of 7,010. The company has a current ratio of 1.57, a quick ratio of 1.53 and a debt-to-equity ratio of 1.73. Cellcom Israel has a 1 year low of $4.25 and a 1 year high of $7.72.

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

A number of institutional investors have recently bought and sold shares of the business. Swiss National Bank boosted its stake in shares of Cellcom Israel by 22.2% in the third quarter. Swiss National Bank now owns 116,608 shares of the technology company’s stock worth $798,000 after buying an additional 21,200 shares during the last quarter. Jane Street Group LLC raised its holdings in Cellcom Israel by 33.9% in the 3rd quarter. Jane Street Group LLC now owns 32,872 shares of the technology company’s stock worth $223,000 after purchasing an additional 8,316 shares during the period. Vanguard Group Inc. raised its holdings in Cellcom Israel by 5.8% in the 3rd 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 raised its holdings in Cellcom Israel by 5.8% in the 3rd 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. Finally, Delek Group Ltd. raised its holdings in Cellcom Israel by 46.6% in the 4th 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. Institutional investors and hedge funds own 6.36% of the company’s stock.

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About Cellcom Israel

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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Earnings History for Cellcom Israel (NYSE:CEL)

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