Partner Communications Co. (PTNR) Upgraded by Zacks Investment Research to Buy
Partner Communications Co. (NASDAQ:PTNR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $5.25 price objective on the stock. Zacks Investment Research’s price objective indicates a potential upside of 13.88% from the company’s current price.
According to Zacks, “Partner Communications Company is engaged in the only Global System for Mobile Communications mobile telephone network operator in Israel. “
Separately, Barclays PLC began coverage on shares of Partner Communications in a research report on Monday, July 18th. They issued an “underweight” rating and a $19.00 target price for the company.
Shares of Partner Communications (NASDAQ:PTNR) opened at 4.61 on Tuesday. The firm’s market cap is $719.60 million. Partner Communications has a 52-week low of $3.63 and a 52-week high of $5.50. The firm has a 50-day moving average of $4.80 and a 200 day moving average of $4.80.
Partner Communications (NASDAQ:PTNR) last released 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 predict that Partner Communications will post $3.25 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. Sphera Funds Management LTD. boosted its stake in Partner Communications by 1.0% in the first quarter. Sphera Funds Management LTD. now owns 624,230 shares of the company’s stock valued at $2,909,000 after buying an additional 6,279 shares in the last quarter. Renaissance Technologies LLC boosted its position in 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 period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in 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 period. 1.92% of the stock is owned by institutional investors and hedge funds.
About Partner Communications
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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