Shares of Cellcom Israel Ltd. (NYSE:CEL) hit a new 52-week low on Monday following a dissappointing earnings announcement. The stock traded as low as $4.26 and last traded at $4.33, with a volume of 9 shares trading hands. The stock had previously closed at $4.50.
The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.12). Cellcom Israel had a negative net margin of 1.65% and a negative return on equity of 3.84%. The business had revenue of $245.00 million during the quarter.
Separately, TheStreet raised shares of Cellcom Israel from a “d+” rating to a “c-” rating in a report on Tuesday, November 27th.
A number of large investors have recently bought and sold shares of CEL. Norges Bank purchased a new stake in Cellcom Israel during the 4th quarter valued at $7,568,000. Jane Street Group LLC boosted its stake in Cellcom Israel by 100.4% during the 4th quarter. Jane Street Group LLC now owns 65,878 shares of the technology company’s stock valued at $387,000 after purchasing an additional 33,006 shares during the last quarter. Pensionmark Financial Group LLC purchased a new stake in Cellcom Israel during the 4th quarter valued at $64,000. Delek Group Ltd. boosted its stake in Cellcom Israel by 46.6% during the 4th quarter. Delek Group Ltd. now owns 1,001,107 shares of the technology company’s stock valued at $5,727,000 after purchasing an additional 318,406 shares during the last quarter. Finally, Vanguard Group Inc boosted its stake in Cellcom Israel by 5.8% during the 3rd quarter. Vanguard Group Inc now owns 1,253,022 shares of the technology company’s stock valued at $8,508,000 after purchasing an additional 68,371 shares during the last quarter. 6.36% of the stock is currently owned by institutional investors.
The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.53 and a current ratio of 1.57.
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Cellcom Israel Company Profile (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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