NEW YORK ( TheStreet) -- Partner Communications Company (Nasdaq: PTNR) is trading at unusually high volume Friday with 1.1 million shares changing hands. It is currently at four times its average daily volume and trading up 55 cents (+4.6%) at $12.60 as of 3:15 p.m. ET.

Partner has a market cap of $1.8 billion and is part of the technology sector and telecommunications industry. Shares are down 40.7% year to date as of the close of trading on Thursday.

Partner Communications Company Ltd. provides various telecommunications services in Israel. It offers cellular telephony services on GSM/GPRS and UMTS/HSDPA networks. The company has a P/E ratio of 5.1, below the average telecommunications industry P/E ratio of 5.8 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Partner as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Partner Ratings Report.

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