Telenor ASA (OTCMKTS:TELNY) Stock Rating Upgraded by Kepler Capital Markets

Key Points

• Kepler Capital Markets upgraded Telenor ASA to “strong buy” from “hold,” while Pareto Securities also issued a strong-buy upgrade. Overall, analysts rate the stock “Moderate Buy.”
• Telenor shares opened at $13.64, near the lower end of their 52-week range of $12.97 to $18.92, with a market capitalization of approximately $18.66 billion.
• The company’s latest quarterly results fell short of expectations, reporting $0.21 in EPS versus a $0.23 estimate and revenue of $1.88 billion compared with forecasts of $1.91 billion.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) was upgraded by Kepler Capital Markets from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Thursday, Zacks reports.

Other equities research analysts have also recently issued research reports about the company. Pareto Securities upgraded Telenor ASA from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. Barclays cut shares of Telenor ASA from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group downgraded shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Friday, September 4th. Finally, Zacks Research raised shares of Telenor ASA from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 1st. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Telenor ASA Price Performance

OTCMKTS:TELNY opened at $13.64 on Thursday. Telenor ASA has a 52-week low of $12.97 and a 52-week high of $18.92. The company has a market cap of $18.66 billion, a P/E ratio of 13.92 and a beta of 0.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.30 and a current ratio of 1.32. The stock's 50-day simple moving average is $14.17 and its 200 day simple moving average is $15.62.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last issued its quarterly earnings results on Thursday, July 16th. The utilities provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $1.88 billion for 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.

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.

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