Cellcom Israel (NYSE:CEL) Stock Price Crosses Above Fifty Day Moving Average of $3.54

Cellcom Israel Ltd. (NYSE:CEL) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.54 and traded as high as $2.83. Cellcom Israel shares last traded at $2.77, with a volume of 6,844 shares trading hands.

Several analysts have commented on the company. ValuEngine downgraded Cellcom Israel from a “hold” rating to a “sell” rating in a research note on Friday, June 7th. TheStreet downgraded Cellcom Israel from a “c-” rating to a “d” rating in a research note on Tuesday, April 16th.

The business’s 50 day simple moving average is $3.47. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.46 and a quick ratio of 1.41.

Cellcom Israel (NYSE:CEL) last issued its earnings results on Tuesday, May 28th. The technology company reported ($0.04) EPS for the quarter. Cellcom Israel had a negative net margin of 2.26% and a negative return on equity of 5.02%. The business had revenue of $256.00 million for the quarter.

A number of institutional investors and hedge funds have recently modified their holdings of CEL. Pensionmark Financial Group LLC purchased a new position in shares of Cellcom Israel in the 4th quarter worth $64,000. ARK Investment Management LLC boosted its stake in shares of 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 buying an additional 5,516 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of 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 buying an additional 33,006 shares during the last quarter. Delek Group Ltd. boosted its stake in shares of 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 buying an additional 318,406 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Cellcom Israel in the 4th quarter worth $7,568,000. Institutional investors and hedge funds own 6.62% of the company’s stock.

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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