Partner Communications Company Ltd. (PTNR) Stock Price Hits 1 Year Low Today

May 16, 2018 - By Nellie Hooten

Partner Communications Company Ltd. (NASDAQ:PTNR) Logo

The stock of Partner Communications Company Ltd. (NASDAQ:PTNR) hit a new 52-week low and has $3.55 target or 6.00 % below today’s $3.78 share price. The 6 months bearish chart indicates high risk for the $636.61 million company. The 1-year low was reported on May, 16 by Barchart.com. If the $3.55 price target is reached, the company will be worth $38.20M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.56% or $0.0993 during the last trading session, reaching $3.7807. About 21,784 shares traded or 184.61% up from the average. Partner Communications Company Ltd. (NASDAQ:PTNR) has declined 21.90% since May 16, 2017 and is downtrending. It has underperformed by 33.45% the S&P500.

More notable recent Partner Communications Company Ltd. (NASDAQ:PTNR) news were published by: Globes.Co.Il which released: “Wed: TASE rises for sixth straight session” on May 16, 2018, also Globes.Co.Il with their article: “Mon: Frutarom fails to lift TASE” published on May 07, 2018, Nasdaq.com published: “Mid-Morning Market Update: Markets Open Higher; Magna Tops Q1 Views” on May 10, 2018. More interesting news about Partner Communications Company Ltd. (NASDAQ:PTNR) were released by: Globes.Co.Il and their article: “Wed: Teva, Israel Chemicals lead TASE higher” published on May 02, 2018 as well as Globes.Co.Il‘s news article titled: “Wed: Opko leads TASE higher” with publication date: May 09, 2018.

Partner Communications Company Ltd. provides cellular and fixed-line telecommunication services in Israel. The company has market cap of $636.61 million. The firm operates in two divisions, Cellular and Fixed-Line. It has a 19.39 P/E ratio. It offers cellular telephony services on 2G, 3G, and 4G networks; and basic services, including cellular voice services in Israel and abroad, text messaging services, and mobile broadband services, as well as a mobile application for information and purchasing.

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