Zacks: Partner Communications Company Ltd. (PTNR) Receives Average Rating of “Strong Sell” from 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 provide coverage for the company, Zacks Investment Research reports.
Zacks has also assigned Partner Communications an industry rank of 116 out of 265 based on the ratings given to related companies.
Separately, Roth Capital started coverage on shares of Partner Communications in a research note on Friday, July 7th. They set a “buy” rating and a $16.00 target price on the stock.
Partner Communications (NASDAQ:PTNR) remained flat at $4.91 during midday trading on Tuesday. 2,594 shares of the company traded hands. Partner Communications has a 1-year low of $4.11 and a 1-year high of $6.41.
Partner Communications (NASDAQ:PTNR) last announced its quarterly earnings data on Monday, May 22nd. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $221 million for the quarter. Partner Communications had a net margin of 2.70% and a return on equity of 8.13%. On average, analysts forecast that Partner Communications will post $3.25 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of PTNR. Karp Capital Management Corp acquired a new stake in Partner Communications during the first quarter valued at approximately $173,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Partner Communications during the first quarter worth about $434,000. Finally, Renaissance Technologies LLC increased its stake in shares of Partner Communications by 0.3% in the first quarter. Renaissance Technologies LLC now owns 2,672,200 shares of the Wireless communications provider’s stock worth $13,973,000 after buying an additional 7,600 shares during the last quarter. 2.00% of the stock is owned by institutional investors.
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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