StockNews.com initiated coverage on shares of Partner Communications (NASDAQ:PTNR – Get Rating) in a report issued on Friday. The firm issued a hold rating on the Wireless communications provider's stock.
Partner Communications Price Performance
Shares of PTNR stock opened at $6.61 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.13 and a quick ratio of 1.06. The company has a market capitalization of $1.23 billion, a P/E ratio of 18.36 and a beta of 0.78. The company's 50-day simple moving average is $6.93 and its two-hundred day simple moving average is $7.41. Partner Communications has a one year low of $6.31 and a one year high of $9.49.
Get Partner Communications alerts:Hedge Funds Weigh In On Partner Communications
A number of hedge funds have recently added to or reduced their stakes in PTNR. Envestnet Asset Management Inc. bought a new position in Partner Communications in the 1st quarter worth about $94,000. Jane Street Group LLC lifted its position 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. Bank of Montreal Can purchased a new stake in shares of Partner Communications in the 2nd quarter worth approximately $86,000. GHP Investment Advisors Inc. lifted its position in shares of Partner Communications by 8.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120,455 shares of the Wireless communications provider's stock worth $871,000 after purchasing an additional 9,860 shares during the period. Finally, UBS Group AG lifted its position in shares of Partner Communications by 82.0% in the 3rd quarter. UBS Group AG now owns 3,798 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 1,711 shares during the period. 1.89% of the stock is currently owned by institutional investors.
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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