Cellcom Israel (CEL) Sets New 1-Year Low on Disappointing Earnings

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.

TRADEMARK VIOLATION WARNING: This story was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.dispatchtribunal.com/2019/03/21/cellcom-israel-cel-sets-new-1-year-low-on-disappointing-earnings.html.

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.

See Also: Are analyst ratings accurate?

Receive News & Ratings for Cellcom Israel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cellcom Israel and related companies with MarketBeat.com's FREE daily email newsletter.