Cellcom Israel (CEL) Hits New 1-Year Low at $7.30

Cellcom Israel Ltd. (NYSE:CEL) shares reached a new 52-week low on Thursday . The company traded as low as $7.30 and last traded at $7.27, with a volume of 9420 shares. The stock had previously closed at $7.62.

Separately, ValuEngine raised Cellcom Israel from a “hold” rating to a “buy” rating in a report on Tuesday, March 13th.

The company has a debt-to-equity ratio of 1.97, a current ratio of 1.44 and a quick ratio of 1.41. The company has a market capitalization of $732.57, a price-to-earnings ratio of 22.66 and a beta of 2.04.

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of Cellcom Israel by 4.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 78,732 shares of the technology company’s stock worth $759,000 after acquiring an additional 3,102 shares during the last quarter. Citadel Advisors LLC bought a new stake in Cellcom Israel in the 4th quarter valued at $150,000. Renaissance Technologies LLC boosted its stake in Cellcom Israel by 0.4% in the 4th quarter. Renaissance Technologies LLC now owns 3,724,400 shares of the technology company’s stock valued at $37,987,000 after purchasing an additional 15,500 shares during the period. ARK Investment Management LLC bought a new stake in Cellcom Israel in the 4th quarter valued at $272,000. Finally, Jane Street Group LLC boosted its stake in Cellcom Israel by 68.0% in the 4th quarter. Jane Street Group LLC now owns 121,136 shares of the technology company’s stock valued at $1,236,000 after purchasing an additional 49,048 shares during the period. 10.38% of the stock is currently owned by institutional investors and hedge funds.

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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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