TASE:PTNRWireless Telecom
Partner Communications (TASE:PTNR) Stock Can Profit Gains Sustain Its 6.68% Yield
Partner Communications stock closed at ₪37.15 on Thursday, roughly flat over the past week yet still carrying a premium P/E tag against regional wireless peers. That cool share price reaction masks the real story in these Q2 numbers. The headline is profit quality in a telecom business that lives or dies on cash generation. Basic earnings per share of ₪0.45 and a trailing net margin of 10.4% land against a dividend yield of 6.68% that is only weakly backed by earnings.
In the short term,...