Telenor ASA (OTCMKTS:TELNY) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, November 4th, ValuEngine reports.
Several other analysts have also recently issued reports on TELNY. Barclays cut Telenor ASA from an “overweight” rating to an “equal weight” rating in a research note on Monday, September 23rd. Berenberg Bank lowered Telenor ASA from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Zacks Investment Research raised Telenor ASA from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Nordea Equity Research raised Telenor ASA from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lowered Telenor ASA from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $19.93.
OTCMKTS TELNY traded down $0.10 on Monday, hitting $18.19. 32,511 shares of the stock traded hands, compared to its average volume of 59,194. The stock has a 50-day moving average of $18.77 and a 200 day moving average of $20.20. Telenor ASA has a twelve month low of $17.82 and a twelve month high of $22.27. The company has a market capitalization of $26.85 billion, a P/E ratio of 29.92 and a beta of 0.34. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 2.97.
Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter. Telenor ASA had a net margin of 8.04% and a return on equity of 18.15%. The firm had revenue of $3.33 billion for the quarter. As a group, equities research analysts expect 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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