Telenor ASA (OTCMKTS:TELNY) Given Average Rating of “Reduce” by Analysts

Telenor ASA (OTCMKTS:TELNY) has been assigned a consensus recommendation of “Reduce” from the five research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company.

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. 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 cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th.

Telenor ASA Trading Down 1.0%

Shares of Telenor ASA stock opened at $14.48 on Tuesday. The company’s fifty day simple moving average is $16.29 and its 200-day simple moving average is $16.42. The stock has a market capitalization of $19.81 billion, a PE ratio of 13.92 and a beta of 0.28. Telenor ASA has a 1-year low of $13.79 and a 1-year high of $18.92. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.71 and a quick ratio of 0.69.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Telenor ASA had a net margin of 18.28% and a return on equity of 16.31%. As a group, equities analysts anticipate that Telenor ASA will post 2.09 earnings per share for the current year.

Telenor ASA Company Profile

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.