Telenor ASA (OTCMKTS:TELNY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Telenor ASA (OTCMKTS:TELNY) have been given an average recommendation of “Reduce” by the six brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company.

A number of analysts have recently commented on the company. Zacks Research cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Berenberg Bank cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 26th. Finally, New Street Research cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 8th.

Telenor ASA Stock Performance

Telenor ASA stock opened at $16.50 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.42 and a current ratio of 0.44. The stock’s 50 day simple moving average is $16.55 and its two-hundred day simple moving average is $15.56. Telenor ASA has a fifty-two week low of $10.55 and a fifty-two week high of $17.32. The stock has a market cap of $22.57 billion, a price-to-earnings ratio of 22.29 and a beta of 0.44.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings results on Friday, July 18th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Telenor ASA had a return on equity of 14.56% and a net margin of 13.67%.The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $20.02 billion. As a group, analysts expect that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

Telenor ASA Company Profile

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.