Analysts Expect Partner Communications Co. (PTNR) to Post $0.06 EPS
Partner Communications Co. (NASDAQ:PTNR) has earned a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation.
Zacks has also given Partner Communications an industry rank of 47 out of 265 based on the ratings given to its competitors.
A number of research analysts have commented on the company. Barclays PLC assumed coverage on Partner Communications in a report on Monday, July 18th. They set an “underweight” rating and a $19.00 target price on the stock. Zacks Investment Research raised Partner Communications from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Tuesday, September 20th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sphera Funds Management LTD. increased its position in 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 in the last quarter. Renaissance Technologies LLC increased 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 in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased 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 in the last quarter. 1.92% of the stock is currently owned by institutional investors.
Shares of Partner Communications (NASDAQ:PTNR) traded down 2.1908% on Tuesday, reaching $4.4601. The company had a trading volume of 800 shares. The company’s market capitalization is $696.20 million. The stock has a 50 day moving average price of $4.72 and a 200-day moving average price of $4.82. Partner Communications has a 12 month low of $4.00 and a 12 month high of $5.50.
Partner Communications (NASDAQ:PTNR) last issued its quarterly earnings results on Wednesday, August 17th. The company reported $0.04 EPS for the quarter. Partner Communications had a positive return on equity of 3.94% and a negative net margin of 0.77%. Analysts forecast that Partner Communications will post $3.25 EPS for the current fiscal year.
Partner Communications 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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