Telenor ASA (TELNY) Upgraded to Overweight by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Telenor ASA (OTCMKTS:TELNY) from a neutral rating to an overweight rating in a report issued on Monday morning, The Fly reports.

Separately, ValuEngine raised shares of Telenor ASA from a hold rating to a buy rating in a research note on Saturday, December 15th.

Telenor ASA stock opened at $18.44 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.91. Telenor ASA has a fifty-two week low of $17.86 and a fifty-two week high of $23.56. The company has a market cap of $27.73 billion, a PE ratio of 15.11 and a beta of 0.45.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings results on Wednesday, January 30th. The utilities provider reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.10). Telenor ASA had a net margin of 13.92% and a return on equity of 20.13%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.12 billion. On average, sell-side analysts predict that Telenor ASA will post 1.24 EPS for the current year.

About Telenor ASA

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.

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