Telenor ASA (OTCMKTS:TELNY) Stock Rating Lowered by Dnb Nor Markets

Telenor ASA (OTCMKTS:TELNY - Get Free Report) was downgraded by stock analysts at Dnb Nor Markets from a "hold" rating to a "strong sell" rating in a report issued on Wednesday, April 23rd,Zacks.com reports.

Separately, Sanford C. Bernstein raised Telenor ASA from a "strong sell" rating to a "hold" rating in a research note on Thursday, January 23rd.

Telenor ASA Price Performance

Shares of TELNY stock traded up $0.23 during mid-day trading on Wednesday, hitting $15.03. 12,509 shares of the stock were exchanged, compared to its average volume of 36,005. The firm has a fifty day moving average of $13.83 and a 200 day moving average of $12.51. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.88. Telenor ASA has a 52-week low of $10.55 and a 52-week high of $15.10. The company has a market cap of $20.57 billion, a PE ratio of 11.56 and a beta of 0.44.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. Research analysts anticipate that Telenor ASA will post 0.79 earnings per share for the current year.

Telenor ASA Company Profile

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.