Partner Communications Company Ltd (NASDAQ:PTNR) Receives Consensus Recommendation of “Hold” from Brokerages

Partner Communications Company Ltd (NASDAQ:PTNR) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also assigned Partner Communications an industry rank of 183 out of 256 based on the ratings given to its competitors.

Several analysts have recently commented on PTNR shares. ValuEngine raised shares of Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th. Barclays reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Cypress Semiconductor in a report on Thursday, June 6th.

An institutional investor recently raised its position in Partner Communications stock. Jane Street Group LLC increased its position in shares of Partner Communications Company Ltd (NASDAQ:PTNR) by 32.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,130 shares of the Wireless communications provider’s stock after buying an additional 15,093 shares during the period. Jane Street Group LLC’s holdings in Partner Communications were worth $293,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 2.45% of the company’s stock.

Shares of PTNR stock traded up $0.04 during trading hours on Thursday, hitting $4.38. The company’s stock had a trading volume of 188 shares, compared to its average volume of 3,045. The stock has a 50 day simple moving average of $4.35. The stock has a market cap of $677.09 million, a PE ratio of 51.88 and a beta of 1.20. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.01 and a current ratio of 1.09. Partner Communications has a 12-month low of $3.58 and a 12-month high of $5.60.

Partner Communications (NASDAQ:PTNR) last released its quarterly earnings data on Thursday, May 30th. The Wireless communications provider reported $0.01 EPS for the quarter. The business had revenue of $219.00 million for the quarter. Partner Communications had a net margin of 1.59% and a return on equity of 3.64%.

Partner Communications Company Profile

Partner Communications Company Ltd. provides various telecommunication services in Israel. It operates in two segments, Cellular and Fixed-Line. The company offers cellular telephony services, including basic cellular telephony, text messaging, Internet browsing and data transfer, content, and roaming services, as well as services provided to other operators that are permitted to use its cellular network.

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