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NEW YORK ( TheStreet) -- Cellcom Israel (NYSE: CEL) hit a new 52-week low Wednesday as it is currently trading at $16.01, below its previous 52-week low of $16.07 with 109,440 shares traded as of 10:39 a.m. ET. Average volume has been 308,800 shares over the past 30 days. Cellcom Israel has a market cap of $1.7 billion and is part of the technology sector and telecommunications industry. Shares are up 0.2% year to date as of the close of trading on Tuesday. Cellcom Israel Ltd. provides cellular communications services in Israel. It offers basic and advanced cellular telephone services, text and multimedia messaging services, and advanced cellular content and data services. The company has a P/E ratio of 4.6, below the average telecommunications industry P/E ratio of 5.5 and below the S&P 500 P/E ratio of 17.7.