Telenor ASA (OTCMKTS:TELNY) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Telenor ASA (OTCMKTS:TELNY) from a strong sell rating to a hold rating in a research note released on Tuesday morning,Zacks reports.

Other equities analysts also recently issued research reports about the stock. Barclays downgraded shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a report on Tuesday, June 23rd. Citigroup downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Finally, Pareto Securities upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Telenor ASA has a consensus rating of “Hold”.

Telenor ASA Trading Down 0.1%

Shares of TELNY stock opened at $14.53 on Tuesday. The business’s fifty day moving average price is $14.27 and its 200 day moving average price is $16.08. Telenor ASA has a 1-year low of $12.97 and a 1-year high of $18.92. The firm has a market capitalization of $19.88 billion, a PE ratio of 14.83 and a beta of 0.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.32 and a quick ratio of 1.30.

Telenor ASA (OTCMKTS:TELNY) last released its earnings results on Thursday, July 16th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.91 billion. Telenor ASA had a net margin of 17.19% and a return on equity of 15.27%. As a group, sell-side analysts forecast that Telenor ASA will post 0.93 EPS for the current fiscal 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.