Telenor ASA (OTCMKTS:TELNY - Get Free Report) was downgraded by investment analysts at New Street Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Friday,Zacks.com reports.
A number of other brokerages have also recently commented on TELNY. Berenberg Bank cut shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Dnb Nor Markets cut shares of Telenor ASA from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 23rd. 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, Telenor ASA currently has a consensus rating of "Hold".
Read Our Latest Stock Report on TELNY
Telenor ASA Stock Up 1.4%
Telenor ASA stock traded up $0.22 during mid-day trading on Friday, hitting $16.05. 4,823 shares of the company's stock were exchanged, compared to its average volume of 32,773. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.02. The stock has a market cap of $21.96 billion, a P/E ratio of 21.69 and a beta of 0.43. Telenor ASA has a 1-year low of $10.55 and a 1-year high of $16.14. The stock has a 50 day moving average of $15.53 and a two-hundred day moving average of $14.44.
Telenor ASA (OTCMKTS:TELNY - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.97 billion during the quarter, compared to analyst estimates of $20.02 billion. Telenor ASA had a net margin of 13.67% and a return on equity of 14.56%. As a group, analysts anticipate that Telenor ASA will post 0.79 EPS 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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