Partner Communications Co. (PTNR) Stock Rating Lowered by Zacks Investment Research
Partner Communications Co. (NASDAQ:PTNR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Partner Communications Company is engaged in the only Global System for Mobile Communications mobile telephone network operator in Israel. “
Separately, Barclays PLC began coverage on Partner Communications in a research note on Monday, July 18th. They issued an “underweight” rating and a $19.00 price objective for the company.
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Shares of Partner Communications (NASDAQ:PTNR) opened at 4.55 on Wednesday. The company’s market capitalization is $710.24 million. The firm has a 50-day moving average price of $4.67 and a 200 day moving average price of $4.82. Partner Communications has a 12-month low of $4.00 and a 12-month high of $5.50.
Partner Communications (NASDAQ:PTNR) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $0.04 earnings per share (EPS) for the quarter. Partner Communications had a positive return on equity of 3.94% and a negative net margin of 0.77%. On average, equities research analysts predict that Partner Communications will post $3.25 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Partner Communications by 100.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 375,402 shares of the company’s stock valued at $1,696,000 after buying an additional 187,701 shares during the last quarter. Sphera Funds Management LTD. increased its stake in shares of Partner Communications by 1.0% in the first quarter. Sphera Funds Management LTD. now owns 624,230 shares of the company’s stock valued at $2,909,000 after buying an additional 6,279 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Partner Communications by 0.5% in the first quarter. Renaissance Technologies LLC now owns 2,633,000 shares of the company’s stock valued at $12,270,000 after buying an additional 14,300 shares during the last quarter. Hedge funds and other institutional investors own 1.92% of the company’s stock.
Partner Communications Company Profile
Partner Communications Company Ltd. is a telecommunications company. The Company is engaged in the business of cellular telephony, provided on its second generation (2G), third generation (3G) and fourth generation (4G) networks. It operates through two segments: cellular segment and fixed-line segment.
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