Zacks: Partner Communications Company Ltd. (PTNR) Given Average Recommendation of “” by Brokerages
Partner Communications Company Ltd. (NASDAQ:PTNR) has been given a consensus broker rating score of 0.00 () from the zero brokers that cover the stock, Zacks Investment Research reports.
Zacks has also assigned Partner Communications an industry rank of 5 out of 265 based on the ratings given to its competitors.
Several research analysts recently weighed in on the stock. Roth Capital assumed coverage on shares of Partner Communications in a research note on Friday, July 7th. They issued a “buy” rating and a $16.00 target price for the company. BidaskClub downgraded shares of Partner Communications from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd.
A number of hedge funds and other institutional investors have recently made changes to their positions in PTNR. Renaissance Technologies LLC boosted its stake in 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 valued at $13,973,000 after buying an additional 7,600 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Partner Communications during the first quarter valued at approximately $434,000. Finally, Karp Capital Management Corp acquired a new stake in Partner Communications during the first quarter valued at approximately $173,000. 1.98% of the stock is owned by hedge funds and other institutional investors.
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Shares of Partner Communications (NASDAQ PTNR) traded down 1.2692% during trading on Friday, hitting $4.8773. 157 shares of the company traded hands. Partner Communications has a 52 week low of $4.11 and a 52 week high of $6.41.
Partner Communications (NASDAQ:PTNR) last released its earnings results on Wednesday, August 16th. The Wireless communications provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.03. The business had revenue of $230 million during the quarter. Partner Communications had a net margin of 3.05% and a return on equity of 8.32%. Equities analysts anticipate that Partner Communications will post $3.25 EPS for the current fiscal year.
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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