Cellcom Israel (OTCMKTS:CELJF) Sees Strong Trading Volume – Time to Buy?

Shares of Cellcom Israel, Ltd. (OTCMKTS:CELJF) saw an uptick in trading volume on Tuesday . 1,001 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 1,183 shares.The stock last traded at $11.33 and had previously closed at $10.71.

Cellcom Israel Stock Performance

The business’s 50-day moving average price is $10.51 and its 200-day moving average price is $11.00. The stock has a market cap of $1.85 billion, a P/E ratio of 26.98 and a beta of 0.89.

Institutional Trading of Cellcom Israel

A hedge fund recently bought a new stake in Cellcom Israel stock. AWM Investment Company Inc. purchased a new position in Cellcom Israel, Ltd. (OTCMKTS:CELJF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 951,796 shares of the company’s stock, valued at approximately $13,420,000. Cellcom Israel comprises 1.2% of AWM Investment Company Inc.’s investment portfolio, making the stock its 27th largest position. AWM Investment Company Inc. owned approximately 0.58% of Cellcom Israel at the end of the most recent quarter.

About Cellcom Israel

Cellcom Israel Ltd. is a leading provider of wireless telecommunications services in Israel. Established in 1994 and headquartered in Netanya, the company operates one of the country’s most extensive cellular networks. Through its infrastructure, Cellcom delivers voice, messaging and data solutions to a broad customer base that includes individual consumers, small businesses and large enterprises.

The company’s core offerings encompass mobile voice plans, high-speed 4G and 5G data connectivity, international roaming and value-added content services.