Shares of Partner Communications Company Ltd (NASDAQ:PTNR) have earned an average broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports.

Zacks has also given Partner Communications an industry rank of 52 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have recently weighed in on the stock. Roth Capital assumed coverage on shares of Partner Communications in a report on Friday, July 7th. They set a “buy” rating and a $16.00 price objective on the stock. BidaskClub lowered shares of Partner Communications from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.

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Several large investors have recently made changes to their positions in PTNR. Renaissance Technologies LLC raised its stake in shares of Partner Communications by 0.3% in the first quarter. Renaissance Technologies LLC now owns 2,672,200 shares of the Wireless communications provider’s stock worth $13,973,000 after buying an additional 7,600 shares during the period. Karp Capital Management Corp bought a new stake in shares of Partner Communications during the first quarter worth $173,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Partner Communications during the first quarter worth $434,000. 2.00% of the stock is currently owned by hedge funds and other institutional investors.

Partner Communications (NASDAQ:PTNR) opened at 4.7177 on Friday. The firm’s 50 day moving average price is $5.05 and its 200-day moving average price is $5.39. Partner Communications has a 12-month low of $4.11 and a 12-month high of $6.41. The stock has a market cap of $740.71 million, a P/E ratio of 30.0490 and a beta of 1.80.

Partner Communications (NASDAQ:PTNR) last released its quarterly earnings results on Monday, May 22nd. The Wireless communications provider reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Partner Communications had a net margin of 6.35% and a return on equity of 17.97%. The business had revenue of $221 million for the quarter. Equities research analysts anticipate that Partner Communications will post $3.25 earnings per share 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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