Telenor ASA (OTCMKTS:TELNY) Stock Rating Upgraded by Zacks Research

Telenor ASA (OTCMKTS:TELNY – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks reports.

A number of other analysts have also recently issued reports on TELNY. Citigroup cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Barclays cut shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, June 23rd. Finally, Pareto Securities raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

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Telenor ASA Stock Down 0.1%

TELNY stock opened at $14.53 on Tuesday. The business’s 50-day moving average price is $14.27 and its 200-day moving average price is $16.08. The stock has a market cap of $19.88 billion, a P/E ratio of 14.83 and a beta of 0.31. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 1.06. Telenor ASA has a twelve month low of $12.97 and a twelve month high of $18.92.

Telenor ASA (OTCMKTS:TELNY – Get Free Report) last released its earnings results on Thursday, July 16th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). Telenor ASA had a return on equity of 15.27% and a net margin of 17.19%.The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. On average, equities research analysts forecast that Telenor ASA will post 0.93 EPS for the current year.

Telenor ASA Company Profile

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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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