Telenor ASA (OTCMKTS:TELNY) Stock Lifted to “Strong-Buy” by Berenberg Bank

Telenor ASA (OTCMKTS:TELNY) was upgraded by equities researchers at Berenberg Bank from a “hold” rating to a “strong-buy” rating in a report issued on Thursday, Zacks reports.

Several other research analysts also recently weighed in on the company. Zacks Research upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. The Goldman Sachs Group cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 4th. Barclays lowered shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, June 23rd. Pareto Securities raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Kepler Capital Markets upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 24th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Telenor ASA presently has an average rating of “Moderate Buy”.

Telenor ASA Trading Down 0.5%

Telenor ASA stock opened at $13.27 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 1.06. The company has a market cap of $18.16 billion, a P/E ratio of 13.54 and a beta of 0.31. The business has a 50-day simple moving average of $14.15 and a two-hundred day simple moving average of $15.48. Telenor ASA has a 52-week low of $12.97 and a 52-week high of $18.92.

Telenor ASA (OTCMKTS:TELNY) last announced 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). The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Telenor ASA had a net margin of 17.19% and a return on equity of 15.27%. Analysts predict that Telenor ASA will post 0.93 EPS for the current year.

Telenor ASA Company Profile

Telenor ASA is a Norwegian telecommunications company that provides mobile and fixed-line communications services, broadband, television, and related digital services. Its offerings serve consumer and business customers and include mobile voice and data, fiber and wireless broadband, connectivity, Internet of Things solutions, and other communications services.

Headquartered in Fornebu, Norway, Telenor operates primarily in the Nordic region and has established partnerships and investments in telecommunications businesses in parts of Asia.