Seeking Alpha

Partner Communications slides before Q2 results

  • Israeli telco Partner Communications (PTNR -7.5%) is sliding after gapping down for the second day in a row on no specific news. It is set to announce Q2 results on Aug. 28.
  • Likely to blame? Rival Cellcom Israel's Q2 results missed on revenues by an ell due to price wars caused by new market entrants. The two stocks have moved in near-perfect tandem since 2008.
  • The plunge in Israeli stocks following U.S. escalation over Syria isn't helping either.
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