Delek Group Ltd. bought a new position in shares of Cellcom Israel Ltd. (NYSE:CEL) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,284,796 shares of the technology company’s stock, valued at approximately $13,161,000. Delek Group Ltd. owned approximately 1.27% of Cellcom Israel as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of CEL. Vanguard Group Inc. raised its stake in shares of Cellcom Israel by 8.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,016,527 shares of the technology company’s stock worth $9,800,000 after buying an additional 81,105 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Cellcom Israel by 4.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 78,732 shares of the technology company’s stock valued at $759,000 after purchasing an additional 3,102 shares during the last quarter. Sphera Funds Management LTD. acquired a new position in Cellcom Israel in the 3rd quarter valued at about $14,301,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Cellcom Israel in the 4th quarter valued at about $2,234,000. Finally, Citadel Advisors LLC acquired a new position in Cellcom Israel in the 4th quarter valued at about $150,000. Institutional investors own 10.38% of the company’s stock.
Separately, ValuEngine upgraded Cellcom Israel from a “hold” rating to a “buy” rating in a report on Tuesday, March 13th.
Shares of CEL stock traded up $0.08 on Thursday, hitting $7.08. 3,694 shares of the stock traded hands, compared to its average volume of 23,328. Cellcom Israel Ltd. has a 1-year low of $6.58 and a 1-year high of $10.66. The company has a current ratio of 1.42, a quick ratio of 1.38 and a debt-to-equity ratio of 1.96. The firm has a market cap of $740.66, a P/E ratio of 23.65 and a beta of 2.05.
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About Cellcom Israel
Cellcom Israel Ltd. provides cellular and landline telecommunications services in Israel. It operates through two segments, Cellular and Fixed-line. The company offers basic cellular telephony services, such as voice mail, cellular fax, call waiting, call forwarding, caller identification, conference calling, and inbound and outbound roaming services; and data transfer, and upload and download services.
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