Cellcom Israel Ltd. (CEL) Shares Gap Up to $7.43
Shares of Cellcom Israel Ltd. (NYSE:CEL) gapped up prior to trading on Wednesday . The stock had previously closed at $7.26, but opened at $7.43. Cellcom Israel shares last traded at $7.76, with a volume of 14,128 shares changing hands.
Separately, Barclays PLC started coverage on Cellcom Israel in a report on Monday, July 18th. They issued an “overweight” rating on the stock.
The stock has a market cap of $792.76 million, a price-to-earnings ratio of 18.76 and a beta of 1.82. The firm’s 50-day moving average is $7.48 and its 200-day moving average is $7.22.
Cellcom Israel (NYSE:CEL) last posted its earnings results on Wednesday, August 10th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Cellcom Israel had a net margin of 3.93% and a return on equity of 13.25%. Analysts expect that Cellcom Israel Ltd. will post $1.16 EPS for the current year.
Several hedge funds have recently bought and sold shares of CEL. Norges Bank purchased a new stake in Cellcom Israel during the fourth quarter valued at $13,099,000. State Street Corp increased its stake in Cellcom Israel by 38.2% in the first quarter. State Street Corp now owns 34,102 shares of the company’s stock valued at $241,000 after buying an additional 9,429 shares in the last quarter. Renaissance Technologies LLC increased its stake in Cellcom Israel by 0.6% in the first quarter. Renaissance Technologies LLC now owns 3,624,600 shares of the company’s stock valued at $25,590,000 after buying an additional 22,800 shares in the last quarter. Swiss National Bank increased its stake in Cellcom Israel by 4.7% in the second quarter. Swiss National Bank now owns 95,408 shares of the company’s stock valued at $637,000 after buying an additional 4,310 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Cellcom Israel by 264.2% in the second quarter. JPMorgan Chase & Co. now owns 679,053 shares of the company’s stock valued at $4,461,000 after buying an additional 492,623 shares in the last quarter. 7.51% of the stock is owned by institutional investors and hedge funds.
About Cellcom Israel
Cellcom Israel Ltd. is a provider of cellular communications services. The Company offers a range of cellular services through its second-generation (2G), third-generation (3G) and fourth-generation (4G) cellular networks. These services include basic and advanced cellular telephone services, text and multimedia messaging services, and advanced cellular content and data services.
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