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Partner Snaps Two-Day Gain on Psagot ‘Sell’ Recommendation

Nov. 14 (Bloomberg) -- Partner Communications Co. declined, snapping a two-day advance, after Psagot Investment House Ltd. reinitiated Israel’s second-largest mobile-phone operator with a “sell” recommendation.

The shares fell 1.4 percent to 40.63 shekels at the 4:30 p.m. close in Tel Aviv, the lowest since Nov. 9.

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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