Barclays Reiterates “3,000.00” Price Target for Partner Communications (NASDAQ:PTNR)

Partner Communications (NASDAQ:PTNRGet Rating) received a 3,000.00 target price from equities research analysts at Barclays in a research report issued to clients and investors on Thursday, The Fly reports.

Separately, began coverage on shares of Partner Communications in a research report on Sunday. They set a “hold” rating on the stock.

Partner Communications stock traded up $0.02 during trading hours on Thursday, hitting $7.30. The stock had a trading volume of 1,503 shares, compared to its average volume of 2,660. Partner Communications has a fifty-two week low of $3.92 and a fifty-two week high of $9.27. The company has a market cap of $1.34 billion, a PE ratio of 27.04 and a beta of 0.75. The company has a 50-day moving average of $7.74 and a two-hundred day moving average of $7.63. 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 (NASDAQ:PTNRGet Rating) last issued its earnings results on Monday, February 28th. The Wireless communications provider reported $0.14 EPS for the quarter. The firm had revenue of $274.00 million during the quarter. Partner Communications had a return on equity of 8.25% and a net margin of 4.43%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley increased its holdings 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 buying an additional 3,528 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Partner Communications during the 1st quarter valued at $94,000. Susquehanna International Group LLP bought a new position in Partner Communications in the 4th quarter valued at $160,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Partner Communications in the fourth quarter worth $162,000. Finally, Jane Street Group LLC grew its holdings in shares of Partner Communications by 241.7% during the first 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 during the last quarter. 2.03% of the stock is owned by institutional investors.

About Partner Communications (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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