TMCnet News
Downgrade Alert for Partner Communications (PTNR)Jan 11, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Partner Communications (NASDAQ:PTNR) was downgraded from Buy to Neutral at UBS today. The stock closed yesterday at $5.82 on volume of 74,000 shares, below average daily volume of 104,000. Over the past year, Partner Communications has traded in a range of $3.00 to $9.29 and closed yesterday at $5.82, 94% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 0.2%. Partner Communications Company Ltd. is a global systems for mobile communications (GSM) mobile telephone network operator in Israel. The Company, offers voice mail, voice messaging, information services, and data and fax transmission services. Partner Communications has overhead space with shares priced $5.82, or 22.4% below the average consensus analyst price target of $7.50. The stock should hit resistance at its 50-day moving average (MA) of $6.00, as well as support at its 200-day MA of $5.33. SmarTrend is tracking the current trend status for Partner Communications and will alert subscribers who have PTNR in their portfolio or watchlist when shares have changed trend direction. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |