Telenor ASA (OTCMKTS:TELNY) was upgraded by stock analysts at Nordea Equity Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, November 1st, The Fly reports.
TELNY has been the topic of several other reports. Zacks Investment Research upgraded shares of Telenor ASA from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. ValuEngine upgraded shares of Telenor ASA from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. Berenberg Bank downgraded shares of Telenor ASA from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. downgraded shares of Telenor ASA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 2nd. Finally, Barclays downgraded shares of Telenor ASA from an “overweight” rating to an “equal weight” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $19.93.
Shares of Telenor ASA stock traded down $0.15 during midday trading on Friday, hitting $18.23. 80,670 shares of the company traded hands, compared to its average volume of 53,996. The firm’s fifty day moving average price is $19.12 and its 200-day moving average price is $20.29. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.67 and a current ratio of 0.69. Telenor ASA has a 12 month low of $17.82 and a 12 month high of $22.27. The stock has a market cap of $27.19 billion, a price-to-earnings ratio of 14.94 and a beta of 0.34.
Telenor ASA (OTCMKTS:TELNY) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported ($0.05) EPS for the quarter. Telenor ASA had a return on equity of 18.15% and a net margin of 8.04%. The business had revenue of $3.33 billion for the quarter. Equities research analysts forecast that Telenor ASA will post 1 earnings per share for the current year.
Telenor ASA Company Profile
Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company’s mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging.
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