ValuEngine upgraded shares of Telenor ASA (OTCMKTS:TELNY) from a hold rating to a buy rating in a research note released on Friday, January 3rd, ValuEngine reports.
Several other research firms have also issued reports on TELNY. Zacks Investment Research lowered Telenor ASA from a hold rating to a sell rating in a research note on Thursday, December 5th. Berenberg Bank lowered Telenor ASA from a buy rating to a hold rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. lowered Telenor ASA from an overweight rating to a neutral rating in a research note on Wednesday, October 2nd. Nordea Equity Research upgraded Telenor ASA from a sell rating to a hold rating in a research note on Friday, November 1st. Finally, Barclays downgraded Telenor ASA from an overweight rating to an equal weight rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Telenor ASA currently has a consensus rating of Hold and a consensus price target of $19.93.
Shares of Telenor ASA stock traded up $0.78 during trading on Friday, reaching $18.94. The stock had a trading volume of 43,177 shares, compared to its average volume of 74,434. Telenor ASA has a 52 week low of $17.31 and a 52 week high of $22.27. The company has a market capitalization of $27.87 billion, a price-to-earnings ratio of 31.05 and a beta of 0.32. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 2.97. The stock has a fifty day moving average price of $17.91 and a two-hundred day moving average price of $19.39.
Telenor ASA (OTCMKTS:TELNY) last released its earnings results on Wednesday, October 23rd. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter. Telenor ASA had a return on equity of 18.15% and a net margin of 8.04%. The company had revenue of $3.33 billion for the quarter. On average, equities analysts forecast that Telenor ASA will post 0.88 EPS for the current fiscal 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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