Cellcom Israel Ltd. (CEL) Stock Price Hits 52 Week Low Today

March 16, 2018 - By reb123z

The stock of Cellcom Israel Ltd. (NYSE:CEL) hit a new 52-week low and has $6.80 target or 9.00 % below today’s $7.47 share price. The 8 months bearish chart indicates high risk for the $748.13 million company. The 1-year low was reported on Mar, 16 by Barchart.com. If the $6.80 price target is reached, the company will be worth $67.33M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock increased 1.21% or $0.089 during the last trading session, reaching $7.469. About 3,932 shares traded. Cellcom Israel Ltd. (NYSE:CEL) has risen 35.07% since March 16, 2017 and is uptrending. It has outperformed by 18.37% the S&P500.

Cellcom Israel Ltd. provides cellular and landline telecommunications services in Israel. The company has market cap of $748.13 million. It operates through two divisions, Cellular and Fixed-line. It has a 22.63 P/E ratio. The firm 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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