Telenor ASA (OTCMKTS:TELNY) Downgraded to Strong Sell Rating by Dnb Nor Markets

Dnb Nor Markets downgraded shares of Telenor ASA (OTCMKTS:TELNY) from a hold rating to a strong sell rating in a report released on Wednesday morning,Zacks.com reports.

Separately, Sanford C. Bernstein raised shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Thursday, January 23rd.

Telenor ASA Stock Performance

Shares of TELNY stock opened at $14.49 on Wednesday. Telenor ASA has a 12 month low of $10.55 and a 12 month high of $14.74. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.88. The company has a market cap of $19.83 billion, a P/E ratio of 11.15 and a beta of 0.44. The firm has a fifty day moving average price of $13.70 and a 200 day moving average price of $12.46.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. Sell-side analysts predict that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

About Telenor ASA

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to residential and business customers, as well as wholesale services.