Partner Communications (NASDAQ:PTNR) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Partner Communications (NASDAQ:PTNR – Get Rating) in a research note issued on Saturday. The brokerage set a “hold” rating on the Wireless communications provider’s stock.

Partner Communications Stock Up 1.3 %

Shares of PTNR stock opened at $7.08 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.58. Partner Communications has a twelve month low of $6.58 and a twelve month high of $9.49. The stock has a 50 day moving average of $7.18 and a 200 day moving average of $7.53. The stock has a market cap of $1.31 billion, a P/E ratio of 19.67 and a beta of 0.76.

Partner Communications (NASDAQ:PTNR – Get Rating) last released its quarterly earnings data on Wednesday, November 23rd. The Wireless communications provider reported $0.08 earnings per share for the quarter. Partner Communications had a return on equity of 11.18% and a net margin of 6.25%. The company had revenue of $252.00 million for the quarter.

Institutional Trading of Partner Communications

A number of large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in shares of Partner Communications by 13.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,011 shares of the Wireless communications provider’s stock valued at $91,000 after purchasing an additional 1,579 shares during the period. UBS Group AG increased its stake in Partner Communications by 82.0% in the 3rd quarter. UBS Group AG now owns 3,798 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 1,711 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in Partner Communications by 8.9% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120,455 shares of the Wireless communications provider’s stock valued at $871,000 after buying an additional 9,860 shares during the last quarter. Bank of Montreal Can acquired a new stake in Partner Communications during the 2nd quarter valued at $86,000. Finally, Jane Street Group LLC boosted 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. 1.89% of the stock is owned by institutional investors and hedge funds.

Partner Communications Company Profile

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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.