Telenor ASA (OTCMKTS:TELNY - Get Free Report) was downgraded by research analysts at New Street Research from a "strong-buy" rating to a "hold" rating in a report issued on Friday,Zacks.com reports.
TELNY has been the topic of a number of other research reports. Dnb Nor Markets cut Telenor ASA from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 23rd. Berenberg Bank cut Telenor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold".
Check Out Our Latest Stock Analysis on TELNY
Telenor ASA Stock Up 1.8%
OTCMKTS:TELNY traded up $0.27 during trading hours on Friday, reaching $15.81. 8,294 shares of the stock were exchanged, compared to its average volume of 15,775. Telenor ASA has a twelve month low of $10.55 and a twelve month high of $16.14. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.44 and a quick ratio of 0.42. The firm has a 50 day moving average of $15.52 and a 200 day moving average of $14.43. The stock has a market cap of $21.64 billion, a PE ratio of 21.37 and a beta of 0.43.
Telenor ASA (OTCMKTS:TELNY - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). Telenor ASA had a return on equity of 14.56% and a net margin of 13.67%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $20.02 billion. On average, equities analysts expect that Telenor ASA will post 0.79 earnings per share for the current 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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