Zacks: Cellcom Israel, Ltd. (CEL) Receives Average Rating of “Strong Sell” from Analysts

Shares of Cellcom Israel, Ltd. (NYSE:CEL) have been given a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating.

Zacks has also assigned Cellcom Israel an industry rank of 176 out of 265 based on the ratings given to its competitors.

Several analysts have weighed in on the company. BidaskClub downgraded Cellcom Israel from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Citigroup Inc. downgraded Cellcom Israel from a “neutral” rating to a “sell” rating in a research report on Wednesday, July 26th.

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Cellcom Israel by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 75,630 shares of the technology company’s stock valued at $777,000 after acquiring an additional 234 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Cellcom Israel by 0.5% during the first quarter. Jane Street Group LLC now owns 134,183 shares of the technology company’s stock valued at $1,381,000 after acquiring an additional 630 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Cellcom Israel by 8.8% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 33,950 shares of the technology company’s stock valued at $352,000 after acquiring an additional 2,750 shares in the last quarter. Eagle Global Advisors LLC raised its holdings in shares of Cellcom Israel by 15.4% during the second quarter. Eagle Global Advisors LLC now owns 75,000 shares of the technology company’s stock valued at $719,000 after acquiring an additional 10,000 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Cellcom Israel by 0.3% during the first quarter. Renaissance Technologies LLC now owns 3,704,100 shares of the technology company’s stock valued at $38,115,000 after acquiring an additional 10,800 shares in the last quarter. Institutional investors own 5.56% of the company’s stock.

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Shares of Cellcom Israel (NYSE:CEL) traded down 0.21% during trading on Monday, reaching $9.72. 3,457 shares of the company traded hands. Cellcom Israel has a 12 month low of $6.98 and a 12 month high of $11.19. The stock has a market capitalization of $977.89 million, a PE ratio of 29.72 and a beta of 2.02. The company has a 50-day moving average of $9.35 and a 200-day moving average of $9.52.

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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