Telenor ASA (OTCMKTS:TELNY) Upgraded at Pareto Securities

Pareto Securities upgraded shares of Telenor ASA (OTCMKTS:TELNY) from a hold rating to a strong-buy rating in a report released on Monday,Zacks.com reports.

Telenor ASA Stock Up 0.5%

Shares of OTCMKTS:TELNY opened at $14.67 on Monday. The firm has a market capitalization of $20.07 billion, a PE ratio of 19.82 and a beta of 0.38. The business has a 50 day simple moving average of $14.32 and a two-hundred day simple moving average of $15.47. Telenor ASA has a 1 year low of $11.63 and a 1 year high of $17.32. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.52 and a quick ratio of 0.51.

About Telenor ASA

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.