Telenor ASA (TELNY) Stock Rating Lowered by JPMorgan Chase & Co.
Telenor ASA (OTCMKTS:TELNY) was downgraded by stock analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Tuesday. They presently have a $18.44 target price on the utilities provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 2.69% from the stock’s current price.
Separately, ValuEngine upgraded Telenor ASA from a “hold” rating to a “buy” rating in a research report on Saturday, December 15th.
OTCMKTS:TELNY opened at $18.95 on Tuesday. The company has a market capitalization of $28.18 billion, a P/E ratio of 15.53 and a beta of 0.45. Telenor ASA has a 1-year low of $17.86 and a 1-year high of $23.56. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.91.
Telenor ASA Company Profile
Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging.
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