TheStreet cut shares of Cellcom Israel (NYSE:CEL) from a c- rating to a d rating in a report released on Tuesday morning, TheStreetRatingsTable reports.

CEL stock opened at $4.24 on Tuesday. Cellcom Israel has a fifty-two week low of $3.55 and a fifty-two week high of $7.66. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.70 and a current ratio of 1.76.

Cellcom Israel (NYSE:CEL) last issued its quarterly earnings results on Monday, March 18th. The technology company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.12). Cellcom Israel had a negative net margin of 1.65% and a negative return on equity of 3.81%. The business had revenue of $245.00 million during the quarter.

Hedge funds and other institutional investors have recently modified their holdings of the business. Pensionmark Financial Group LLC acquired a new stake in Cellcom Israel during the 4th quarter worth about $64,000. Jane Street Group LLC raised its holdings in Cellcom Israel by 33.9% during the 3rd quarter. Jane Street Group LLC now owns 32,872 shares of the technology company’s stock worth $223,000 after buying an additional 8,316 shares during the period. Delek Group Ltd. raised its holdings in Cellcom Israel by 46.6% during the 4th quarter. Delek Group Ltd. now owns 1,001,107 shares of the technology company’s stock worth $5,727,000 after buying an additional 318,406 shares during the period. Norges Bank acquired a new stake in Cellcom Israel during the 4th quarter worth about $7,568,000. Finally, Vanguard Group Inc. raised its holdings in Cellcom Israel by 5.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,253,022 shares of the technology company’s stock worth $8,508,000 after buying an additional 68,371 shares during the period. 7.46% of the stock is owned by institutional investors.

About Cellcom Israel

Cellcom Israel Ltd. engages in the provision of cellular communications services. It operates through two segments: Cellcom and Netvision. The Cellcom segment includes Cellcom Israel Ltd. and its subsidiaries. The Netvision segment includes Netvision Ltd. and its subsidiaries. The company offers cellular and landline telephony; roaming, internet, and fax services; text and multimedia messaging services; cellular content and data services; technical support; account information; and direct-to-the-door parcel delivery.

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