Zacks Investment Research upgraded shares of Telenor ASA (OTCMKTS:TELNY) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning. Zacks Investment Research currently has $27.00 price target on the utilities provider’s stock.
According to Zacks, “Telenor ASA is a leading telecommunications company in Norway, which is among the most advanced telecommunications markets in the world. It is a provider of mobile communications services worldwide. The Company has four segments: mobile communication, fixed line communication, TV-based activities (Broadcast), and others. The Telenor Group is dynamic and flexible in its business approach, always exploring new markets and new technologies to make long-term investments. This is part of the reason why Telenor has grown from a national telephone service company in Norway to one of the world’s largest mobile provider. The Telenor Group is now a driving force in the industry, engaging in pioneering research and technology development and other areas that are important to develop the core business of Telenor further. “
Separately, ValuEngine upgraded shares of Telenor ASA from a hold rating to a buy rating in a report on Thursday, October 26th.
Telenor ASA (OTCMKTS:TELNY) last posted its earnings results on Wednesday, October 25th. The utilities provider reported $0.49 earnings per share for the quarter. Telenor ASA had a net margin of 9.72% and a return on equity of 28.08%. sell-side analysts anticipate that Telenor ASA will post 1.27 EPS for the current year.
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Telenor ASA Company Profile
Telenor ASA is a telecommunication company. The Company’s segments include Norway, Sweden, Denmark, Hungary, Bulgaria, Montenegro & Serbia, dtac-Thailand, Digi-Malaysia, Grameenphone-Bangladesh, Pakistan, India, Myanmar, Broadcast and Other units. The Company’s main products and services are mobile communication, fixed line communication and broadcasting activities.
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