Telenor ASA (OTCMKTS:TELNY) Upgraded to Strong-Buy at Berenberg Bank

Berenberg Bank upgraded shares of Telenor ASA (OTCMKTS:TELNY – Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks reports.

TELNY has been the subject of a number of other reports. Kepler Capital Markets raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 24th. Zacks Research raised shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. The Goldman Sachs Group lowered shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 4th. Barclays downgraded Telenor ASA from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, June 23rd. Finally, Pareto Securities raised Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Three analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

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Telenor ASA Trading Down 0.5%

Shares of TELNY opened at $13.27 on Thursday. The stock’s fifty day simple moving average is $14.15 and its 200-day simple moving average is $15.48. The firm has a market capitalization of $18.16 billion, a PE ratio of 13.54 and a beta of 0.31. Telenor ASA has a 12-month low of $12.97 and a 12-month high of $18.92. 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 (OTCMKTS:TELNY – Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $1.91 billion. As a group, research analysts predict that Telenor ASA will post 0.93 earnings per share for the current year.

About Telenor ASA

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Telenor ASA is a Norwegian telecommunications company that provides mobile and fixed-line communications services, broadband, television, and related digital services. Its offerings serve consumer and business customers and include mobile voice and data, fiber and wireless broadband, connectivity, Internet of Things solutions, and other communications services.

Headquartered in Fornebu, Norway, Telenor operates primarily in the Nordic region and has established partnerships and investments in telecommunications businesses in parts of Asia.

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