Telenor ASA (OTCMKTS:TELNY) Stock Moved Up to Strong-Buy by Kepler Capital Markets

Kepler Capital Markets upgraded shares of Telenor ASA (OTCMKTS:TELNY) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks reports.

Other equities analysts also recently issued research reports about the stock. Barclays downgraded shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, June 23rd. Pareto Securities upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Zacks Research raised Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Finally, The Goldman Sachs Group downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 4th. Two analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Telenor ASA Trading Up 0.9%

Shares of Telenor ASA stock opened at $13.64 on Thursday. The company has a fifty day simple moving average of $14.17 and a 200-day simple moving average of $15.62. Telenor ASA has a 12-month low of $12.97 and a 12-month high of $18.92. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06. The stock has a market cap of $18.66 billion, a price-to-earnings ratio of 13.92 and a beta of 0.31.

Telenor ASA (OTCMKTS:TELNY) last posted its earnings results on Thursday, July 16th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Telenor ASA had a net margin of 17.19% and a return on equity of 15.27%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. On average, equities analysts forecast that Telenor ASA will post 0.93 EPS for the current fiscal year.

About Telenor ASA

Telenor ASA is a Norwegian telecommunications company headquartered in Fornebu, Norway. It provides mobile communications, fixed-line and wireless broadband, television, and related digital services to consumers, businesses, and public-sector customers.

The company operates telecommunications businesses primarily across the Nordic region and Asia. Its services include mobile voice and data, 5G connectivity, broadband access, digital entertainment, communications infrastructure, and Internet of Things solutions.