Telenor ASA (OTCMKTS:TELNY) Receives Average Recommendation 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.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) has been assigned a consensus rating of "Reduce" from the six analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company.

A number of research firms recently commented on TELNY. Berenberg Bank cut shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. New Street Research cut shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Friday, August 8th. Finally, Zacks Research cut shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Friday, September 12th.

Telenor ASA Stock Performance

Shares of Telenor ASA stock traded down $0.04 during mid-day trading on Tuesday, hitting $16.66. 25,330 shares of the stock were exchanged, compared to its average volume of 10,882. Telenor ASA has a 12 month low of $10.55 and a 12 month high of $17.32. The company has a 50-day simple moving average of $16.22 and a 200 day simple moving average of $15.21. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.42 and a current ratio of 0.44. The company has a market capitalization of $22.79 billion, a P/E ratio of 22.51 and a beta of 0.42.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last posted its quarterly earnings results on Friday, July 18th. The utilities provider reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $20.02 billion. Telenor ASA had a return on equity of 14.56% and a net margin of 13.67%. Sell-side analysts anticipate that Telenor ASA will post 0.79 earnings per share for the current fiscal 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.