Telenor ASA (OTCMKTS:TELNY) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Telenor ASA (OTCMKTS:TELNY) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a strong buy rating to the company.

A number of analysts recently weighed in on TELNY shares. Pareto Securities raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Zacks Research raised Telenor ASA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 1st. Barclays lowered Telenor ASA from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, June 23rd. Kepler Capital Markets upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 24th. Finally, Berenberg Bank raised Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st.

Telenor ASA Price Performance

TELNY opened at $13.31 on Wednesday. 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 has a 52-week low of $12.97 and a 52-week high of $18.92. The company has a 50 day moving average of $13.98 and a two-hundred day moving average of $15.11. The company has a market cap of $18.21 billion, a P/E ratio of 13.58 and a beta of 0.31.

Telenor ASA Company Profile

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.