Telenor ASA (OTCMKTS:TELNY) Rating Increased 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 report published on Wednesday,Zacks.com reports.

TELNY has been the topic of several other reports. Citigroup lowered shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Pareto Securities downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Telenor ASA presently has a consensus rating of “Hold”.

Telenor ASA Stock Performance

Shares of Telenor ASA stock opened at $16.43 on Wednesday. The firm has a market capitalization of $22.48 billion, a P/E ratio of 15.80 and a beta of 0.28. Telenor ASA has a 52 week low of $13.79 and a 52 week high of $18.92. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 0.98. The firm’s 50 day moving average is $17.15 and its two-hundred day moving average is $16.24.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. Telenor ASA had a net margin of 18.28% and a return on equity of 16.31%. Research analysts forecast that Telenor ASA will post 2.09 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.