Zacks: Partner Communications Company Ltd. (PTNR) Given Average Recommendation of “Strong Sell” by Brokerages
Shares of Partner Communications Company Ltd. (NASDAQ:PTNR) have been assigned a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating.
Zacks has also assigned Partner Communications Company an industry rank of 45 out of 265 based on the ratings given to its competitors.
Separately, Roth Capital assumed coverage on 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 (NASDAQ:PTNR) opened at 5.1395 on Monday. Partner Communications Company has a 52-week low of $4.11 and a 52-week high of $6.41.
Partner Communications Company (NASDAQ:PTNR) last released its earnings results on Monday, May 22nd. The Wireless communications provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $221 million during the quarter. Partner Communications Company had a return on equity of 8.13% and a net margin of 2.70%. Equities research analysts predict that Partner Communications Company will post $3.25 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of 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 worth $13,973,000 after buying an additional 7,600 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Partner Communications Company during the first quarter worth approximately $173,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Partner Communications Company during the first quarter worth approximately $434,000. 2.00% of the stock is owned by institutional investors and hedge funds.
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.
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