Telenor ASA (TELNY) Rating Lowered to Sell at Berenberg Bank
Telenor ASA (NASDAQ:TELNY) was downgraded by equities researchers at Berenberg Bank from a “hold” rating to a “sell” rating in a research report issued on Friday.
Several other analysts have also recently issued reports on TELNY. Zacks Investment Research raised shares of Telenor ASA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Deutsche Bank AG cut shares of Telenor ASA from a “hold” rating to a “sell” rating in a research note on Friday, July 29th.
Telenor ASA (NASDAQ:TELNY) opened at 16.47 on Friday. The company’s 50-day moving average is $17.23 and its 200 day moving average is $16.63. The stock has a market capitalization of $24.73 billion and a price-to-earnings ratio of 138.40. Telenor ASA has a one year low of $13.71 and a one year high of $20.70.
About Telenor ASA
Telenor ASA is a telecommunication company. The Company’s segments include Norway, Sweden, Denmark, Hungary, Bulgaria, Montenegro & Serbia, dtac-Thailand, Digi-Malaysia, Grameenphone-Bangladesh, Pakistan, India, Myanmar, Broadcast and Other units. The Company’s main products and services are mobile communication, fixed line communication and broadcasting activities.
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