Telenor ASA (OTCMKTS:TELNY) Lifted to "Hold" at Nordea Equity Research

Telenor ASA (OTCMKTS:TELNY) was upgraded by Nordea Equity Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, November 1st, The Fly reports.

Other research analysts have also issued research reports about the company. Berenberg Bank lowered Telenor ASA from a “buy” rating to a “hold” rating in a research report on Thursday, October 17th. Zacks Investment Research upgraded Telenor ASA from a “sell” rating to a “hold” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lowered Telenor ASA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 2nd. Barclays lowered Telenor ASA from an “overweight” rating to an “equal weight” rating in a research report on Monday, September 23rd. Finally, ValuEngine upgraded Telenor ASA from a “hold” rating to a “buy” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.93.

TELNY traded up $0.16 on Friday, hitting $18.19. The company had a trading volume of 46,043 shares, compared to its average volume of 58,952. The company has a market cap of $26.53 billion, a PE ratio of 14.91 and a beta of 0.34. Telenor ASA has a 12-month low of $17.82 and a 12-month high of $22.27. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.97. The business’s fifty day simple moving average is $19.02 and its 200 day simple moving average is $20.26.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported ($0.05) EPS for the quarter. The company had revenue of $3.33 billion during the quarter. Telenor ASA had a return on equity of 18.15% and a net margin of 8.04%. On average, analysts anticipate that Telenor ASA will post 1 earnings per share for the current fiscal 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.