Telenor ASA (TELNY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Telenor ASA (OTCMKTS:TELNY) from a sell rating to a hold rating in a research report report published on Wednesday.

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 raised shares of Telenor ASA from a hold rating to a buy rating in a research note on Thursday, October 26th.

Telenor ASA (OTCMKTS:TELNY) traded down $0.21 during mid-day trading on Wednesday, reaching $22.18. 22,633 shares of the company traded hands, compared to its average volume of 24,941. The firm has a market capitalization of $33,947.96, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 6.90 and a beta of 0.96. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.96. Telenor ASA has a 1-year low of $14.42 and a 1-year high of $22.70.

The business also recently declared a None dividend, which was paid on Tuesday, November 14th. Shareholders of record on Monday, October 30th were paid a $0.354 dividend. The ex-dividend date of this dividend was Friday, October 27th. Telenor ASA’s dividend payout ratio (DPR) is currently 76.53%.

COPYRIGHT VIOLATION NOTICE: “Telenor ASA (TELNY) Upgraded by Zacks Investment Research to “Hold”” was published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at

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.

Receive News & Ratings for Telenor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenor ASA and related companies with's FREE daily email newsletter.

Leave a Reply