Telenor ASA (OTCMKTS:TELNY) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Telenor ASA (OTCMKTS:TELNY) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a strong buy rating on the company.

Several analysts have recently weighed in on the stock. Pareto Securities raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Zacks Research upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Kepler Capital Markets raised Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday. The Goldman Sachs Group cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 4th. Finally, Barclays lowered Telenor ASA from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, June 23rd.

Telenor ASA Stock Up 0.9%

Shares of TELNY opened at $13.64 on Friday. The firm has a fifty day moving average price of $14.17 and a 200-day moving average price of $15.62. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $18.66 billion, a P/E ratio of 13.92 and a beta of 0.31. Telenor ASA has a 12-month low of $12.97 and a 12-month high of $18.92.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings data on Thursday, July 16th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. Telenor ASA had a net margin of 17.19% and a return on equity of 15.27%. Equities research analysts expect that Telenor ASA will post 0.93 earnings per share for the current year.

About Telenor ASA

Telenor ASA is a Norwegian telecommunications company headquartered in Fornebu, Norway. It provides mobile communications, fixed-line and wireless broadband, television, and related digital services to consumers, businesses, and public-sector customers.

The company operates telecommunications businesses primarily across the Nordic region and Asia. Its services include mobile voice and data, 5G connectivity, broadband access, digital entertainment, communications infrastructure, and Internet of Things solutions.