Zacks: Cellcom Israel, Ltd. (NYSE:CEL) Given Average Recommendation of “Strong Buy” by Analysts
Shares of Cellcom Israel, Ltd. (NYSE:CEL) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Zacks has also given Cellcom Israel an industry rank of 85 out of 265 based on the ratings given to related companies.
Shares of Cellcom Israel (CEL) traded down 1.861% during mid-day trading on Wednesday, reaching $9.642. 1,473 shares of the company’s stock traded hands. The company’s 50-day moving average price is $9.50 and its 200-day moving average price is $10.02. The stock has a market capitalization of $970.02 million, a PE ratio of 29.851 and a beta of 2.12. Cellcom Israel has a 12-month low of $6.62 and a 12-month high of $11.19.
Cellcom Israel (NYSE:CEL) last posted its quarterly earnings results on Wednesday, May 24th. The technology company reported $0.07 earnings per share for the quarter. Cellcom Israel had a net margin of 2.95% and a return on equity of 8.78%. The business had revenue of $264 million during the quarter. Analysts anticipate that Cellcom Israel will post $0.44 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Cellcom Israel during the fourth quarter worth $15,801,000. Jane Street Group LLC raised its stake in shares of Cellcom Israel by 0.5% in the first quarter. Jane Street Group LLC now owns 134,183 shares of the technology company’s stock worth $1,381,000 after buying an additional 630 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of Cellcom Israel by 8.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 33,950 shares of the technology company’s stock worth $352,000 after buying an additional 2,750 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Cellcom Israel by 0.3% in the first quarter. Renaissance Technologies LLC now owns 3,704,100 shares of the technology company’s stock worth $38,115,000 after buying an additional 10,800 shares during the last quarter. Finally, Credit Suisse AG raised its stake in shares of Cellcom Israel by 61.6% in the first quarter. Credit Suisse AG now owns 61,754 shares of the technology company’s stock worth $635,000 after buying an additional 23,544 shares during the last quarter. Institutional investors own 6.21% of the company’s stock.
About Cellcom Israel
Cellcom Israel Ltd. is engaged in the provision of cellular telephone services. The Company offers fixed-line services. The Company operates in two segments: Cellular and Fixed-line. The cellular segment includes the cellular communications services, end user cellular equipment and supplemental services.
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