Telenor ASA (OTCMKTS:TELNY) Stock Bumped Down to Strong Sell by Zacks Research

Zacks Research lowered shares of Telenor ASA (OTCMKTS:TELNY) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday,Zacks reports.

TELNY has been the subject of a number of other research reports. Barclays cut shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 4th. Berenberg Bank raised Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Kepler Capital Markets upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 24th. Finally, Pareto Securities upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Telenor ASA Stock Up 0.2%

OTCMKTS:TELNY opened at $13.33 on Tuesday. The company has a market cap of $18.24 billion, a PE ratio of 13.60 and a beta of 0.31. Telenor ASA has a twelve month low of $12.97 and a twelve 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 company’s 50 day moving average is $13.97 and its two-hundred day moving average is $15.08.

About Telenor ASA

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

Telenor’s core operating businesses are concentrated in the Nordic region, including Norway, Sweden, Denmark and Finland. Its services include mobile networks, fiber and other broadband connections, entertainment offerings, enterprise connectivity, Internet of Things solutions and digital services.