Telenor ASA (OTCMKTS:TELNY) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Telenor ASA (OTCMKTS:TELNY) have been given a consensus recommendation of “Reduce” by the six research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company.

TELNY has been the subject of a number of research analyst reports. Berenberg Bank downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 26th. New Street Research downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 8th. Finally, Zacks Research downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th.

Telenor ASA Stock Up 1.3%

Shares of OTCMKTS TELNY opened at $16.41 on Friday. Telenor ASA has a 52 week low of $10.55 and a 52 week high of $17.32. The business has a 50-day simple moving average of $16.46 and a two-hundred day simple moving average of $15.48. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 1.02. The company has a market cap of $22.45 billion, a P/E ratio of 22.18 and a beta of 0.44.

Telenor ASA (OTCMKTS:TELNY) last issued its earnings results on Friday, July 18th. The utilities provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $20.02 billion. Telenor ASA had a return on equity of 14.56% and a net margin of 13.67%. Research analysts anticipate that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

About Telenor ASA

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to residential and business customers, as well as wholesale services.