Cellcom Israel Ltd. (NYSE:CEL) is now trading -56.58% off 52-week high price. On the other end, the stock has been noted 15.56% away from the low price over the last 52-weeks. The stock changed 2.97% to recent value of $2.08. The stock transacted 106577 shares during most recent day however it has an average volume of 34.95K shares. The company has 180.74M of outstanding shares and 76.08M shares were floated in the market.

On March 17, 2020, Cellcom Israel Ltd. (NYSE:CEL) declared that its indirect subsidiary IBC Israel Broadband Company (2013) Ltd.’s, or IBC, entered an agreement with an Israeli financial institution, under which IBC shall be awarded a credit line of up to NIS 350 million, to be repaid until December 31, 2032, to further its business operation, including deployment of fiber-optic infrastructure in Israel. The agreement includes customary commercial terms and conditions. In addition, the partnership jointly held by the Company and Israel Infrastructure Fund undertook to provide IBC with an additional investment of NIS 50 million before 2021year end.

For additional details see our annual report on form 20-F dated March 18, 2019 under Item 4. Information on the Company – B. Business Overview – Network and Infrastructure – Fixed-line Segment – Fixed-line Infrastructure – Investment in IBC. Its earnings per share (EPS) expected to touch remained -152.00% for this year while earning per share for the next 5-years is expected to reach at 6.10%. CEL has a gross margin of 26.60% and an operating margin of 1.50% while its profit margin remained -2.30% for the last 12 months.

According to the most recent quarter its current ratio was 1.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of -37.01% from the mean of 20 days, -38.77% from mean of 50 days SMA and performed -28.08% from mean of 200 days price. Company’s performance for the week was -24.09%, -48.64% for month and YTD performance remained -33.97%.