Trade Report: Today, Partner Communications Co. (PTNR) Given Average Recommendation of “Strong Sell” by Analysts

Today, Partner Communications Co. (PTNR) Given Average Recommendation of “Strong Sell” by Analysts

Shares of Partner Communications Co. (NASDAQ:PTNR) have earned a consensus broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating.

Zacks has also given Partner Communications an industry rank of 99 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded Partner Communications from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research note on Tuesday, September 20th.

A hedge fund recently raised its stake in Partner Communications stock. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Partner Communications Co. (NASDAQ:PTNR) by 100.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 375,402 shares of the company’s stock after buying an additional 187,701 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned 0.24% of Partner Communications worth $1,696,000 as of its most recent SEC filing. Institutional investors own 1.92% of the company’s stock.

Shares of Partner Communications (NASDAQ:PTNR) opened at 4.69 on Wednesday. Partner Communications has a 1-year low of $4.00 and a 1-year high of $5.50. The firm’s 50-day moving average price is $4.52 and its 200 day moving average price is $4.73.

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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