Partner Communications (NASDAQ:PTNR) Reaches New 12-Month High at $8.60

Partner Communications Company Ltd. (NASDAQ:PTNR) shares hit a new 52-week high during trading on Thursday . The company traded as high as $8.60 and last traded at $8.36, with a volume of 18977 shares traded. The stock had previously closed at $8.12.

A number of analysts have commented on PTNR shares. Barclays reaffirmed an “equal weight” rating on shares of Partner Communications in a research report on Wednesday, December 1st. TheStreet upgraded Partner Communications from a “c+” rating to a “b” rating in a research note on Thursday, December 16th.

The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.95 and a current ratio of 1.02. The stock has a market cap of $1.53 billion, a PE ratio of 104.64 and a beta of 0.84. The company has a 50 day moving average of $6.91 and a two-hundred day moving average of $5.32.

Partner Communications (NASDAQ:PTNR) last issued its earnings results on Monday, November 29th. The Wireless communications provider reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. Partner Communications had a return on equity of 2.43% and a net margin of 1.28%. The business had revenue of $259.00 million for the quarter.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its position in shares of Partner Communications by 122.5% during the second quarter. Morgan Stanley now owns 6,407 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 3,528 shares during the period. GHP Investment Advisors Inc. increased its holdings in Partner Communications by 11.0% in the third quarter. GHP Investment Advisors Inc. now owns 110,595 shares of the Wireless communications provider’s stock valued at $513,000 after buying an additional 10,920 shares during the last quarter. Finally, Phoenix Holdings Ltd. increased its holdings in Partner Communications by 22.0% in the third quarter. Phoenix Holdings Ltd. now owns 683,272 shares of the Wireless communications provider’s stock valued at $3,166,000 after buying an additional 123,288 shares during the last quarter. 2.03% of the stock is currently owned by institutional investors.

About Partner Communications (NASDAQ:PTNR)

Partner Communications Co Ltd. engages in the provision of telecommunications services. Its services include mobile cellular telephony, fixed-line telephony, international telephony, internet services, TV services, transmission, data communications, and Primary Rate Interface (PRI). The company operates through the following segments: cellular telephony, and fixed-line telephony.

See Also: The primary rules of Elliott Wave theory

Receive News & Ratings for Partner Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Partner Communications and related companies with MarketBeat.com's FREE daily email newsletter.