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%.

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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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