Telenor ASA (OTCMKTS:TELNY) Receives Average Rating of "Reduce" from Analysts

Key Points

• Telenor ASA (OTCMKTS:TELNY) has received a consensus recommendation of "Reduce" from analysts, with one sell rating and five hold ratings from six brokerages.
• The company has experienced a decline in ratings, as several research firms recently downgraded Telenor from "strong-buy" to "hold."
• Telenor ASA reported $0.21 earnings per share (EPS) for its latest quarter, which fell short of the analyst consensus estimate of $0.22.

Shares of Telenor ASA (OTCMKTS:TELNY - Get Free Report) have earned a consensus recommendation of "Reduce" from the six brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating on the company.

Several research firms have weighed in on TELNY. New Street Research cut Telenor ASA from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 8th. Zacks Research cut Telenor ASA from a "strong-buy" rating to a "hold" rating in a research note on Friday. Finally, Berenberg Bank cut Telenor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th.

Telenor ASA Price Performance

OTCMKTS TELNY opened at $17.23 on Tuesday. The stock's 50-day moving average price is $16.11 and its two-hundred day moving average price is $15.14. 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 company has a market cap of $23.57 billion, a PE ratio of 23.28 and a beta of 0.42. Telenor ASA has a 1 year low of $10.55 and a 1 year high of $17.32.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $20.02 billion. Telenor ASA had a return on equity of 14.56% and a net margin of 13.67%. On average, analysts predict that Telenor ASA will post 0.79 EPS 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.

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