Telenor ASA (OTCMKTS:TELNY) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Telenor ASA has received a consensus rating of "Reduce" from six brokerages, with one analyst issuing a sell recommendation and five giving a hold rating.
• Recent downgrades from Zacks Research, Berenberg Bank, and New Street Research lowered Telenor's rating from "strong-buy" to "hold".
• The company reported $0.21 earnings per share for its latest quarter, falling short of the consensus estimate of $0.22.

Shares of Telenor ASA (OTCMKTS:TELNY - Get Free Report) have earned an average recommendation of "Reduce" from the six brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company.

Several equities research analysts recently weighed in on the company. Zacks Research lowered Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Friday, September 12th. Berenberg Bank lowered Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Finally, New Street Research lowered Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Friday, August 8th.

Telenor ASA Price Performance

Shares of OTCMKTS:TELNY opened at $16.41 on Friday. 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's fifty day simple moving average is $16.46 and its two-hundred day simple moving average is $15.48. Telenor ASA has a 1-year low of $10.55 and a 1-year high of $17.32. The stock has a market cap of $22.45 billion, a PE ratio of 22.18 and a beta of 0.44.

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

About Telenor ASA

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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