Telenor ASA (OTCMKTS:TELNY – Get Free Report) released its quarterly earnings data on Wednesday. The utilities provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04, Zacks reports.
Telenor ASA Price Performance
TELNY stock traded up $0.53 during mid-day trading on Wednesday, reaching $14.15. The company had a trading volume of 12,015 shares, compared to its average volume of 59,947. Telenor ASA has a 12 month low of $12.97 and a 12 month high of $18.92. The firm has a 50 day moving average of $13.93 and a 200 day moving average of $15.63.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on TELNY. Zacks Research lowered Telenor ASA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Pareto Securities upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. The Goldman Sachs Group lowered shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 4th. Kepler Capital Markets raised Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 24th. Finally, Berenberg Bank upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis on TELNY
About Telenor ASA
Telenor ASA is a Norwegian telecommunications company headquartered in Fornebu, Norway. The company provides mobile voice and data services, fixed broadband, television, digital communications and related technology services to consumers, businesses and public-sector customers.
Telenor’s core operating businesses are concentrated in the Nordic region, including Norway, Sweden, Denmark and Finland. Its services include mobile networks, fiber and other broadband connections, entertainment offerings, enterprise connectivity, Internet of Things solutions and digital services.
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