Telenor ASA (OTCMKTS:TELNY - Get Free Report) was downgraded by analysts at Berenberg Bank from a "strong-buy" rating to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.
Separately, Dnb Nor Markets downgraded shares of Telenor ASA from a "hold" rating to a "strong sell" rating in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold".
Read Our Latest Report on Telenor ASA
Telenor ASA Stock Down 0.3%
Shares of TELNY stock opened at $15.23 on Thursday. The stock's fifty day moving average price is $15.10 and its 200 day moving average price is $13.44. Telenor ASA has a 1-year low of $10.55 and a 1-year high of $15.76. The company has a market cap of $20.83 billion, a price-to-earnings ratio of 23.42 and a beta of 0.45. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.62 and a quick ratio of 0.60.
Telenor ASA (OTCMKTS:TELNY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). Telenor ASA had a return on equity of 13.97% and a net margin of 12.19%. The business had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $19.67 billion. On average, research analysts expect that Telenor ASA will post 0.79 earnings per share for the current fiscal year.
About Telenor ASA
(
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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.
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