Zacks: Cellcom Israel, Ltd. (CEL) Given Consensus Recommendation of “Strong Sell” by Analysts
Shares of Cellcom Israel, Ltd. (NYSE:CEL) have earned a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating.
Zacks has also assigned Cellcom Israel an industry rank of 210 out of 265 based on the ratings given to related companies.
Separately, BidaskClub downgraded Cellcom Israel from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th.
A number of institutional investors have recently added to or reduced their stakes in CEL. Sphera Funds Management LTD. acquired a new position in Cellcom Israel in the third quarter valued at $14,301,000. Vanguard Group Inc. increased its stake in Cellcom Israel by 8.7% in the second quarter. Vanguard Group Inc. now owns 1,016,527 shares of the technology company’s stock valued at $9,800,000 after purchasing an additional 81,105 shares during the last quarter. Bank of America Corp DE increased its stake in Cellcom Israel by 153.2% in the first quarter. Bank of America Corp DE now owns 47,781 shares of the technology company’s stock valued at $492,000 after purchasing an additional 28,910 shares during the last quarter. Credit Suisse AG increased its stake in Cellcom Israel by 61.6% in the first quarter. Credit Suisse AG now owns 61,754 shares of the technology company’s stock valued at $635,000 after purchasing an additional 23,544 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Cellcom Israel by 4.1% in the second quarter. Dimensional Fund Advisors LP now owns 78,732 shares of the technology company’s stock valued at $759,000 after purchasing an additional 3,102 shares during the last quarter. Hedge funds and other institutional investors own 6.97% of the company’s stock.
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Cellcom Israel Company Profile
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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