Telenor ASA (OTCMKTS:TELNY) Raised to Hold at Zacks Research

Telenor ASA (OTCMKTS:TELNY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts also recently commented on the company. Citigroup downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Pareto Securities downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, Telenor ASA presently has a consensus rating of “Hold”.

Telenor ASA Stock Down 0.4%

Shares of OTCMKTS TELNY opened at $16.43 on Wednesday. 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 company has a market cap of $22.48 billion, a price-to-earnings ratio of 15.80 and a beta of 0.28. Telenor ASA has a 12 month low of $13.79 and a 12 month high of $18.92. The stock has a 50-day moving average price of $17.15 and a two-hundred day moving average price of $16.24.

Telenor ASA (OTCMKTS:TELNY) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.94 billion. Telenor ASA had a return on equity of 16.31% and a net margin of 18.28%. As a group, analysts forecast that Telenor ASA will post 2.09 earnings per share for the current fiscal year.

About Telenor ASA

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.