Telenor ASA (OTCMKTS:TELNY – Get Free Report) issued its quarterly earnings results on Thursday. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02), Zacks reports. Telenor ASA had a return on equity of 16.31% and a net margin of 18.28%.
Telenor ASA Price Performance
Shares of Telenor ASA stock opened at $14.95 on Thursday. Telenor ASA has a 52-week low of $13.79 and a 52-week high of $18.92. The stock has a market capitalization of $20.46 billion, a price-to-earnings ratio of 14.38 and a beta of 0.31. The company has a fifty day moving average of $15.75 and a 200-day moving average of $16.45. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.69 and a current ratio of 0.71.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on TELNY shares. Citigroup cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Zacks Research lowered Telenor ASA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Pareto Securities lowered Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Barclays cut Telenor ASA from an “equal weight” rating to an “underweight” rating in a report on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce”.
About Telenor ASA
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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