Shares of Telenor ASA (OTCMKTS:TELNY) have earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $19.36.
Several equities research analysts have weighed in on TELNY shares. ValuEngine cut Telenor ASA from a “buy” rating to a “hold” rating in a report on Monday, November 4th. Berenberg Bank cut Telenor ASA from a “buy” rating to a “hold” rating in a report on Thursday, October 17th. Zacks Investment Research upgraded Telenor ASA from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. Nordea Equity Research raised Telenor ASA from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lowered Telenor ASA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 2nd.
Shares of TELNY stock traded down $0.10 during mid-day trading on Wednesday, hitting $18.19. The stock had a trading volume of 32,511 shares, compared to its average volume of 57,347. Telenor ASA has a 12-month low of $17.82 and a 12-month high of $22.27. The firm has a market capitalization of $26.77 billion, a P/E ratio of 14.91 and a beta of 0.34. The firm’s 50-day moving average is $18.77 and its two-hundred day moving average is $20.20. The company has a debt-to-equity ratio of 2.97, a current ratio of 0.69 and a quick ratio of 0.67.
About Telenor ASA
Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging.
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