Telenor ASA (OTCMKTS:TELNY – Get Free Report) shares saw strong trading volume on Thursday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. 80,155 shares were traded during trading, an increase of 145% from the previous session’s volume of 32,692 shares.The stock last traded at $16.4650 and had previously closed at $16.49.
A number of other research analysts have also commented on TELNY. Citigroup lowered Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Pareto Securities lowered Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Read Our Latest Report on TELNY
Telenor ASA Trading Down 0.5%
Telenor ASA (OTCMKTS:TELNY – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Telenor ASA had a return on equity of 16.31% and a net margin of 18.28%. Analysts anticipate that Telenor ASA will post 2.09 earnings per share for the current year.
Telenor ASA Company Profile
Telenor ASA is a Norway-based multinational telecommunications company that provides a broad range of communications and digital services to consumers and businesses. Its core offerings include mobile voice and data services, fixed broadband, television distribution, and related value-added digital services. The company also provides enterprise solutions such as business connectivity, cloud and hosting services, Internet of Things (IoT) connectivity, and wholesale telecommunications services.
In its consumer-facing business, Telenor operates mobile networks, broadband access and content services, and increasingly bundles digital and financial services to enhance customer engagement.
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