Telenor ASA (OTCMKTS:TELNY) Receives Consensus Recommendation of “Reduce” from Analysts

Telenor ASA (OTCMKTS:TELNY) has been given a consensus recommendation of “Reduce” by the six research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company.

TELNY has been the subject of a number of recent analyst reports. Barclays lowered Telenor ASA from an “equal weight” rating to an “underweight” rating in a report on Tuesday. Zacks Research raised shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 27th. Pareto Securities cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Finally, Citigroup cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th.

Telenor ASA Stock Down 1.6%

Shares of TELNY traded down $0.25 during trading hours on Tuesday, hitting $14.65. The stock had a trading volume of 5,901 shares, compared to its average volume of 38,420. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.71 and a quick ratio of 0.69. Telenor ASA has a 1-year low of $13.79 and a 1-year high of $18.92. The firm has a 50 day simple moving average of $16.57 and a 200-day simple moving average of $16.41. The firm has a market capitalization of $20.05 billion, a P/E ratio of 14.09 and a beta of 0.28.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Telenor ASA had a net margin of 18.28% and a return on equity of 16.31%. Sell-side analysts predict that Telenor ASA will post 2.09 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.