Cellcom Israel, Ltd. (NYSE:CEL) reports news Update

Cellcom Israel Ltd. (NYSE: CEL) (TASE: CEL) today declared that approximately 150,000 households have joined its Cellcom tv services.

Nir Sztern, Cellcom Group’s CEO, said: “The rapid growth of our TV service continued and resulted in Cellcom reaching a market share of approximately 10% of the TV households in Israel, in less than three years. We thank our 150,000 households who chose Cellcom tv and joined Cellcom in generating and leading the revolution in the TV market”.

Cellcom Israel, Ltd. (NYSE:CEL) closed last trading day at 8.86 (USD) in green area with +0.23 percent. It has market value of 891.37M (USD). Daily trading range was recorded between 8.67 and 8.93 (USD) while it 52-week range value was 6.98 to 11.19 (USD). About 3.71 thousand shares were exchanged contrast to average volume of 10.68 thousand shares.

Cellcom Israel Ltd. (CEL) stock stands -3.04% away from its 50-day simple moving average and also -7.04% away from the 200-day average. Recently, the company stands -20.82% away from the 52-week high and 26.93% from the 52-week low. The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 51.34.

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. It also provides value-added services comprising SMS and MMS services; cloud backup content services, including Cellcom Volume music application and Cellcom TV application; text and multimedia messaging services; and advanced cellular content services. In addition, the company sells handsets, modems, tablets, and laptops, as well as offers repair services. Further, it provides transmission and data services through approximately 1,800 kilometers of inland fiber-optic infrastructure and complementary microwave links to selected business customers. Additionally, the company offers Internet connectivity and related services; international calling services, operator services, teleconferencing services, international long distance services, and landline telephony services; and cloud services and data security products. As of December 31, 2016, it had approximately 10.2 million cellular subscribers. Cellcom Israel Ltd. was founded in 1994 and is headquartered in Netanya, Israel.

Richard Morris

Richard Morris has practical experience in politics and current affairs. Before going along with US Stock Journal Content Solutions Unit (CSU), he worked in a senior article part at Wall Street and Technology where he provided details regarding all viewpoints at the crossing point of politics. Connect to Richard richard@usstockjournal.com