Telenor ASA (OTCMKTS:TELNY) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $19.36.
A number of brokerages recently commented on TELNY. Zacks Investment Research lowered Telenor ASA from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. ValuEngine raised shares of Telenor ASA from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. Barclays cut shares of Telenor ASA from an “overweight” rating to an “equal weight” rating in a research report on Monday, September 23rd. Nordea Equity Research upgraded shares of Telenor ASA from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Berenberg Bank lowered shares of Telenor ASA from a “buy” rating to a “hold” rating in a report on Thursday, October 17th.
Shares of Telenor ASA stock traded up $0.78 during trading on Thursday, reaching $18.94. 43,177 shares of the stock were exchanged, compared to its average volume of 74,789. 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 stock’s fifty day moving average is $17.87 and its 200 day moving average is $19.43. The firm has a market cap of $26.72 billion, a price-to-earnings ratio of 29.77 and a beta of 0.32. Telenor ASA has a 1 year low of $17.31 and a 1 year high of $22.27.
Telenor ASA (OTCMKTS:TELNY) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported ($0.05) earnings per share for the quarter. The firm had revenue of $3.33 billion for the quarter. Telenor ASA had a return on equity of 18.15% and a net margin of 8.04%. Equities analysts forecast that Telenor ASA will post 0.88 earnings per share for the current year.
About Telenor ASA
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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