Telenor (TELNY) Upgraded to Buy by ValuEngine

Telenor (OTCMKTS:TELNY) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, May 2nd.

Separately, Zacks Investment Research downgraded Telenor from a “buy” rating to a “hold” rating in a report on Thursday, April 5th.

Shares of Telenor opened at $20.96 on Wednesday, Marketbeat Ratings reports. Telenor has a 1 year low of $15.80 and a 1 year high of $24.49. The firm has a market cap of $31.47 billion, a price-to-earnings ratio of 15.53 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.70 and a quick ratio of 0.67.

Telenor (OTCMKTS:TELNY) last announced its quarterly earnings results on Tuesday, April 24th. The utilities provider reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.11. Telenor had a return on equity of 28.33% and a net margin of 10.78%. The business had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $3.30 billion. sell-side analysts forecast that Telenor will post 1.18 EPS for the current fiscal year.

Telenor Company Profile

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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