Telenor ASA (OTCMKTS:TELNY) Stock Rating Lowered by Pareto Securities

Key Points

• Pareto Securities downgraded Telenor ASA from a "strong-buy" to a "hold" in a research note issued Friday.
• Telenor missed quarterly expectations, reporting $0.22 EPS versus $0.24 expected and $2.03 billion in revenue versus $2.07 billion, while analysts forecast 0.79 EPS for the current fiscal year and the stock trades at a P/E of about 31.6.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) was downgraded by equities research analysts at Pareto Securities from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Friday,Zacks.com reports.

Telenor ASA Stock Performance

Shares of TELNY opened at $17.68 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 0.98. The stock has a market cap of $24.19 billion, a P/E ratio of 31.57 and a beta of 0.36. The company has a 50-day moving average of $17.76 and a two-hundred day moving average of $16.04. Telenor ASA has a 12-month low of $13.26 and a 12-month high of $18.92.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last announced its earnings results on Friday, February 6th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02). The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.07 billion. Telenor ASA had a return on equity of 15.52% and a net margin of 10.15%. As a group, research analysts predict that Telenor ASA will post 0.79 EPS for the current fiscal year.

Telenor ASA Company Profile

Telenor ASA is a Norway-based multinational telecommunications company that provides a broad range of communications and digital services to consumers and businesses. Its core offerings include mobile voice and data services, fixed broadband, television distribution, and related value-added digital services. The company also provides enterprise solutions such as business connectivity, cloud and hosting services, Internet of Things (IoT) connectivity, and wholesale telecommunications services.

In its consumer-facing business, Telenor operates mobile networks, broadband access and content services, and increasingly bundles digital and financial services to enhance customer engagement.

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