Shares of Partner Communications Co. (NASDAQ:PTNR) have been assigned an average broker rating score of 5.00 (Strong Sell) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation.

Zacks has also assigned Partner Communications an industry rank of 175 out of 265 based on the ratings given to related companies.

Several analysts recently commented on PTNR shares. Barclays PLC started coverage on shares of Partner Communications in a research report on Monday, July 18th. They set an “underweight” rating and a $19.00 price objective on the stock. Zacks Investment Research raised shares of Partner Communications from a “hold” rating to a “buy” rating and set a $5.25 price objective on the stock in a research report on Tuesday.

Partner Communications (NASDAQ:PTNR) opened at 4.61 on Monday. The company has a 50-day moving average of $4.80 and a 200-day moving average of $4.80. Partner Communications has a 52 week low of $3.63 and a 52 week high of $5.50. The firm’s market capitalization is $719.60 million.

Partner Communications (NASDAQ:PTNR) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $0.04 EPS for the quarter. Partner Communications had a negative net margin of 0.77% and a positive return on equity of 3.94%. On average, equities analysts forecast that Partner Communications will post $3.25 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Partner Communications by 100.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 375,402 shares of the company’s stock worth $1,696,000 after buying an additional 187,701 shares during the last quarter. Sphera Funds Management LTD. increased its stake in shares of Partner Communications by 1.0% in the first quarter. Sphera Funds Management LTD. now owns 624,230 shares of the company’s stock worth $2,909,000 after buying an additional 6,279 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Partner Communications by 0.5% in the first quarter. Renaissance Technologies LLC now owns 2,633,000 shares of the company’s stock worth $12,270,000 after buying an additional 14,300 shares during the last quarter. 1.92% of the stock is currently owned by hedge funds and other institutional investors.

Partner Communications Company Profile

Partner Communications Company, Ltd. is a telecommunications company. The Company operates through two business segments: Cellular segment and Fixed-Line segment. The Company’s Cellular segment includes cellular communication services, such as airtime calls, international calls, messaging, browsing, content services, roaming services and from other operators’ usage of the Company’s cellular network.

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