Partner Communications (NASDAQ:PTNR) Sees Strong Trading Volume

Partner Communications Company Ltd. (NASDAQ:PTNRGet Rating) shares saw unusually-high trading volume on Friday . Approximately 300 shares were traded during trading, a decline of 90% from the previous session’s volume of 3,010 shares.The stock last traded at $8.09 and had previously closed at $8.11.

Wall Street Analysts Forecast Growth

PTNR has been the subject of a number of analyst reports. StockNews.com upgraded Partner Communications from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays set a 3,000.00 target price on Partner Communications in a research note on Thursday, June 2nd.

Partner Communications Price Performance

The business has a 50 day moving average price of $8.00 and a two-hundred day moving average price of $7.75. The stock has a market cap of $1.52 billion, a PE ratio of 25.59 and a beta of 0.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.03 and a current ratio of 1.11.

Hedge Funds Weigh In On Partner Communications

A number of hedge funds and other institutional investors have recently modified their holdings of PTNR. Envestnet Asset Management Inc. bought a new stake in shares of Partner Communications in the 1st quarter worth approximately $94,000. Jane Street Group LLC raised its holdings in shares of 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 during the period. Finally, Bank of Montreal Can bought a new stake in shares of Partner Communications in the 2nd quarter worth approximately $86,000. Hedge funds and other institutional investors 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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