Bank of America Corp (NYSE: BAC) downgraded shares of Cellcom Israel (NSYE: CEL) from ‘Buy’ to ‘Neutral’.

Cellcom Israel Ltd. (Cellcom) is a provider of cellular communications services in Israel. The Company offers a range of cellular services through its cellular networks. These services include basic and advanced cellular telephone services, text and multimedia messaging services, and advanced cellular content and data services.

Cellcom Israel traded down 2.83% on Monday ending at $26.43.