Zacks: Partner Communications Company Ltd. (PTNR) Given Average Recommendation of “Strong Sell” by Brokerages
Shares of Partner Communications Company Ltd. (NASDAQ:PTNR) have received an average broker rating score of 5.00 (Strong Sell) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation.
Zacks has also given Partner Communications Company an industry rank of 45 out of 265 based on the ratings given to related companies.
Separately, Roth Capital began coverage on shares of Partner Communications Company in a research report on Friday. They issued a “buy” rating and a $16.00 target price for the company.
Shares of Partner Communications Company (PTNR) opened at 5.1395 on Monday. Partner Communications Company has a 1-year low of $4.11 and a 1-year high of $6.41.
Partner Communications Company (NASDAQ:PTNR) last posted its earnings results on Monday, May 22nd. The Wireless communications provider reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Partner Communications Company had a net margin of 2.70% and a return on equity of 8.13%. The firm had revenue of $221 million during the quarter. Equities analysts predict that Partner Communications Company will post $3.25 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of PTNR. Renaissance Technologies LLC boosted its stake in Partner Communications Company by 0.3% in the first quarter. Renaissance Technologies LLC now owns 2,672,200 shares of the Wireless communications provider’s stock valued at $13,973,000 after buying an additional 7,600 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Partner Communications Company during the first quarter worth about $434,000. Finally, Karp Capital Management Corp acquired a new position in shares of Partner Communications Company during the first quarter worth about $173,000. 2.00% of the stock is owned by hedge funds and other institutional investors.
Partner Communications Company 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Partner Communications Company Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Partner Communications Company Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.