Zacks Investment Research upgraded shares of Partner Communications Co. (NASDAQ:PTNR) from a hold rating to a buy rating in a report issued on Tuesday. Zacks Investment Research currently has $5.25 price target on the stock.
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 assumed coverage on shares of Partner Communications in a report on Monday, July 18th. They set an underweight rating and a $19.00 target price for the company.
Partner Communications (NASDAQ:PTNR) opened at 4.755 on Tuesday. Partner Communications has a 1-year low of $3.63 and a 1-year high of $5.50. The stock’s market cap is $742.24 million. The company 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 earnings results on Wednesday, August 17th. The company reported $0.04 earnings per share (EPS) for the quarter. Partner Communications had a negative net margin of 0.77% and a positive return on equity of 3.94%. Analysts predict that Partner Communications will post $3.25 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Migdal Insurance & Financial Holdings Ltd. boosted its position 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 valued at $1,696,000 after buying an additional 187,701 shares during the last quarter. Sphera Funds Management LTD. boosted its position 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 valued at $2,909,000 after buying an additional 6,279 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position 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 valued at $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.
About Partner Communications
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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