Telenor ASA (OTCMKTS:TELNY – Get Free Report) was upgraded by stock analysts at Kepler Capital Markets from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.
Several other analysts also recently commented on the stock. Barclays downgraded shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 4th. Zacks Research upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Finally, Pareto Securities raised Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Telenor ASA presently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on Telenor ASA
Telenor ASA Trading Up 0.9%
Telenor ASA (OTCMKTS:TELNY – Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. Telenor ASA had a net margin of 17.19% and a return on equity of 15.27%. Equities analysts anticipate that Telenor ASA will post 0.93 EPS for the current year.
Telenor ASA Company Profile
Telenor ASA is a Norwegian telecommunications company headquartered in Fornebu, Norway. It provides mobile communications, fixed-line and wireless broadband, television, and related digital services to consumers, businesses, and public-sector customers.
The company operates telecommunications businesses primarily across the Nordic region and Asia. Its services include mobile voice and data, 5G connectivity, broadband access, digital entertainment, communications infrastructure, and Internet of Things solutions.
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