Partner Communications (NASDAQ:PTNR) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Partner Communications (NASDAQ:PTNRGet Rating) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

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

Partner Communications Stock Up 1.0 %

Shares of Partner Communications stock opened at $8.19 on Friday. The stock has a market capitalization of $1.52 billion, a P/E ratio of 25.59 and a beta of 0.72. The company has a quick ratio of 1.03, a current ratio of 1.11 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average price of $8.00 and a two-hundred day moving average price of $7.75. Partner Communications has a 12-month low of $3.92 and a 12-month high of $9.27.

Institutional Investors Weigh In On Partner Communications

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC boosted its position in shares of Partner Communications by 102.7% in the second quarter. Jane Street Group LLC now owns 79,870 shares of the Wireless communications provider’s stock valued at $560,000 after acquiring an additional 40,471 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Partner Communications in the first quarter valued at $94,000. Finally, Bank of Montreal Can acquired a new position in shares of Partner Communications in the second quarter valued at $86,000. 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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