Cellcom Israel Stock Hits New 52-Week Low (CEL)

NEW YORK ( TheStreet) -- Cellcom Israel (NYSE: CEL) hit a new 52-week low Wednesday as it is currently trading at $7.52, below its previous 52-week low of $7.77 with 100,038 shares traded as of 9:40 a.m. ET. Average volume has been 376,600 shares over the past 30 days.

Cellcom Israel has a market cap of $811.8 million and is part of the technology sector and telecommunications industry. Shares are down 51.5% 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 4.5, above the average telecommunications industry P/E ratio of 4.3 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 expanding profit margins and notable return on equity. 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.

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