StockNews.com assumed coverage on shares of Partner Communications (NASDAQ:PTNR – Get Rating) in a report released on Tuesday. The firm set a "hold" rating on the Wireless communications provider's stock.
Partner Communications Stock Up 1.6 %
NASDAQ:PTNR opened at $6.53 on Tuesday. The firm has a market capitalization of $1.21 billion, a PE ratio of 18.14 and a beta of 0.78. The stock has a 50 day moving average of $6.98 and a 200-day moving average of $7.45. Partner Communications has a 52 week low of $6.31 and a 52 week high of $9.49. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.58.
Get Partner Communications alerts:Partner Communications (NASDAQ:PTNR – Get Rating) last posted its earnings results on Wednesday, November 23rd. The Wireless communications provider reported $0.08 EPS for the quarter. The company had revenue of $252.00 million during the quarter. Partner Communications had a return on equity of 11.18% and a net margin of 6.25%.
Hedge Funds Weigh In On Partner Communications
Several hedge funds and other institutional investors have recently made changes to their positions in PTNR. Jane Street Group LLC boosted its position in shares of Partner Communications by 102.7% during the second quarter. Jane Street Group LLC now owns 79,870 shares of the Wireless communications provider's stock worth $560,000 after buying an additional 40,471 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Partner Communications by 89.6% during the third quarter. Envestnet Asset Management Inc. now owns 24,664 shares of the Wireless communications provider's stock worth $180,000 after buying an additional 11,653 shares during the period. Bank of Montreal Can acquired a new position in shares of Partner Communications during the second quarter worth approximately $86,000. GHP Investment Advisors Inc. boosted its position in shares of Partner Communications by 8.9% during the third quarter. GHP Investment Advisors Inc. now owns 120,455 shares of the Wireless communications provider's stock worth $871,000 after buying an additional 9,860 shares during the period. Finally, UBS Group AG boosted its position in shares of Partner Communications by 82.0% during the third quarter. UBS Group AG now owns 3,798 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 1,711 shares during the period. 1.89% of the stock is currently owned by institutional investors and hedge funds.Partner Communications Company Profile
(Get Rating)
Partner Communications Co Ltd. engages in the provision of telecommunications services. It operates through the Cellular and Fixed-line segments. The Cellular segment offers basic cellular telephony services, text messaging, internet browsing and data transfer, content services, roaming services, M2M and IOT services, handset repair services, cellular content and value-added services.
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