Citigroup Inc. cut shares of Cellcom Israel, Ltd. (NYSE:CEL) from a neutral rating to a sell rating in a research report report published on Wednesday, Marketbeat.com reports.

Cellcom Israel (NYSE CEL) opened at 9.2596 on Wednesday. Cellcom Israel has a 52 week low of $6.69 and a 52 week high of $11.19. The company has a 50-day moving average price of $9.41 and a 200-day moving average price of $10.00. The stock has a market cap of $931.55 million, a price-to-earnings ratio of 28.8461 and a beta of 2.12.

Cellcom Israel (NYSE:CEL) last issued its earnings results on Wednesday, May 24th. The technology company reported $0.07 EPS for the quarter. Cellcom Israel had a net margin of 2.95% and a return on equity of 8.78%. The firm had revenue of $264 million during the quarter. Equities research analysts anticipate that Cellcom Israel will post $0.44 EPS for the current year.

COPYRIGHT VIOLATION WARNING: This story was published by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.watchlistnews.com/cellcom-israel-ltd-nysecel-downgraded-to-sell-at-citigroup-inc/1462251.html.

A number of institutional investors have recently added to or reduced their stakes in CEL. Wellington Management Group LLP bought a new position in Cellcom Israel during the first quarter valued at about $321,000. Edmond DE Rothschild Holding S.A. increased its position in Cellcom Israel by 8.8% in 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 buying an additional 2,750 shares in the last quarter. Bank of America Corp DE increased its position 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 buying an additional 28,910 shares in the last quarter. Credit Suisse AG increased its position 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 buying an additional 23,544 shares in the last quarter. Finally, Eagle Global Advisors LLC increased its position in Cellcom Israel by 15.4% in the second quarter. Eagle Global Advisors LLC now owns 75,000 shares of the technology company’s stock valued at $719,000 after buying an additional 10,000 shares in the last quarter. Institutional investors own 6.22% of the company’s stock.

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.

Receive News & Ratings for Cellcom Israel Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cellcom Israel Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.