Partner Heads for Lowest Close in Month on Psagot Recommendation

Partner Communications Co. headed for the lowest close in more than a month after Psagot Investment House Ltd. reinitiated Israel’s second-largest mobile-phone operator with a “sell” recommendation.

The shares fell 1.9 percent to 40.41 shekels at 11:55 a.m. in Tel Aviv, poised for the lowest close since Oct. 10.

Psagot assigned a price estimate of 36 shekels for the Rosh Ha’Ayin, Israel-based company.

To contact the reporter on this story: Sharon Wrobel in Tel Aviv at swrobel4@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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