Partner Communications (NASDAQ:PTNR) Now Covered by

Investment analysts at initiated coverage on shares of Partner Communications (NASDAQ:PTNRGet Rating) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the Wireless communications provider’s stock.

Separately, Barclays set a 3,000.00 price objective on shares of Partner Communications in a report on Thursday, June 2nd.

NASDAQ:PTNR opened at $7.04 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.74. Partner Communications has a 52 week low of $3.92 and a 52 week high of $9.27. The firm has a market capitalization of $1.29 billion, a P/E ratio of 26.07 and a beta of 0.75. The company has a fifty day moving average of $7.39 and a 200 day moving average of $7.73.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC raised its holdings in Partner Communications by 241.7% in the 1st quarter. Jane Street Group LLC now owns 39,399 shares of the Wireless communications provider’s stock worth $325,000 after purchasing an additional 27,869 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Partner Communications in the 1st quarter worth about $94,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Partner Communications in the 4th quarter worth about $162,000. Institutional investors and hedge funds own 2.03% of the company’s stock.

Partner Communications Company Profile (Get Rating)

Partner Communications Company Ltd. provides various telecommunication services in Israel. It operates in two segments, Cellular and Fixed-Line. The company offers cellular telephony services, including basic cellular telephony, text messaging, internet browsing and data transfer, content, handset repair, roaming, and services provided to other operators that are permitted to use its cellular network, as well as Machine to Machine and Internet of Things services.

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