Cellcom Israel (NYSE:CEL) issued its earnings results on Tuesday, May 28th. The technology company reported ($0.04) earnings per share for the quarter, Morningstar.com reports. Cellcom Israel had a negative return on equity of 5.02% and a negative net margin of 2.26%. The firm had revenue of $256.00 million during the quarter.
Shares of NYSE:CEL traded down $0.03 during trading on Thursday, reaching $3.00. The company’s stock had a trading volume of 13,500 shares, compared to its average volume of 14,456. The company has a quick ratio of 1.41, a current ratio of 1.46 and a debt-to-equity ratio of 2.20. Cellcom Israel has a 12 month low of $2.88 and a 12 month high of $7.23.
Several large investors have recently made changes to their positions in CEL. Pensionmark Financial Group LLC bought a new position in shares of Cellcom Israel in the 4th quarter valued at about $64,000. ARK Investment Management LLC raised its position in Cellcom Israel by 6.9% in the 1st quarter. ARK Investment Management LLC now owns 84,977 shares of the technology company’s stock worth $308,000 after purchasing an additional 5,516 shares during the period. Jane Street Group LLC raised its position in Cellcom Israel by 100.4% in the 4th quarter. Jane Street Group LLC now owns 65,878 shares of the technology company’s stock worth $387,000 after purchasing an additional 33,006 shares during the period. Delek Group Ltd. raised its position 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. Finally, Norges Bank purchased a new stake in Cellcom Israel in the 4th quarter worth about $7,568,000. 6.62% of the stock is owned by hedge funds and other institutional investors.
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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