Cellcom Israel Stock Falls On Unusually High Volume (CEL)

NEW YORK ( TheStreet) -- Cellcom Israel (NYSE: CEL) is trading at unusually high volume Tuesday with 1.2 million shares changing hands. It is currently at 4.1 times its average daily volume and trading down $1.62 (-15.5%) at $8.83 as of 12:05 p.m. ET.

Cellcom Israel has a market cap of $1.13 billion and is part of the technology sector and telecommunications industry. Shares are down 36.2% year to date as of the close of trading on Monday.

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 5.2, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cellcom Israel as a hold. The company's strengths can be seen in multiple areas, such as its notable return on equity and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and generally poor debt management. You can view the full Cellcom Israel Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
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