Telenor ASA (OTCMKTS:TELNY - Get Free Report) was downgraded by equities research 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 lowered shares of Telenor ASA from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".
Read Our Latest Stock Report on TELNY
Telenor ASA Stock Up 1.3%
TELNY stock traded up $0.20 during midday trading on Thursday, reaching $15.58. 11,466 shares of the company's stock traded hands, compared to its average volume of 27,899. The company has a market cap of $21.32 billion, a price-to-earnings ratio of 23.97 and a beta of 0.45. The firm's fifty day moving average price is $15.15 and its 200-day moving average price is $13.53. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 0.90. Telenor ASA has a 52 week low of $10.55 and a 52 week high of $15.76.
Telenor ASA (OTCMKTS:TELNY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $19.67 billion. Telenor ASA had a net margin of 12.19% and a return on equity of 13.97%. As a group, sell-side analysts forecast 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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