Cellcom Israel Ltd. (NYSE:CEL) reached a new 52-week low on Monday . 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.
Separately, TheStreet upgraded Cellcom Israel from a “d+” rating to a “c-” rating in a research report on Tuesday, November 27th.
The company has a debt-to-equity ratio of 1.73, a current ratio of 1.57 and a quick ratio of 1.53.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pensionmark Financial Group LLC bought a new stake in shares of Cellcom Israel during the fourth quarter valued at approximately $64,000. Jane Street Group LLC boosted its holdings in Cellcom Israel by 33.9% in the third quarter. Jane Street Group LLC now owns 32,872 shares of the technology company’s stock worth $223,000 after acquiring an additional 8,316 shares in the last quarter. Swiss National Bank boosted its holdings in 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 acquiring an additional 21,200 shares in the last quarter. Delek Group Ltd. boosted its holdings in Cellcom Israel by 46.6% in the fourth quarter. Delek Group Ltd. now owns 1,001,107 shares of the technology company’s stock worth $5,727,000 after acquiring an additional 318,406 shares in the last quarter. Finally, Norges Bank bought a new stake in Cellcom Israel in the fourth quarter worth $7,568,000. Institutional investors own 6.36% of the company’s stock.
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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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