FY2019 EPS Estimates for Telenor ASA Lowered by Jefferies Financial Group (OTCMKTS:TELNY)

Telenor ASA (OTCMKTS:TELNY) – Research analysts at Jefferies Financial Group decreased their FY2019 EPS estimates for shares of Telenor ASA in a research report issued on Monday, December 9th. Jefferies Financial Group analyst U. Rathe now expects that the utilities provider will post earnings per share of $0.95 for the year, down from their previous estimate of $1.11.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $3.33 billion for the quarter. Telenor ASA had a return on equity of 18.15% and a net margin of 8.04%.

Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Telenor ASA from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. downgraded shares of Telenor ASA from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Telenor ASA from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th. Berenberg Bank downgraded shares of Telenor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Barclays downgraded shares of Telenor ASA from an “overweight” rating to an “equal weight” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $19.93.

Shares of TELNY stock opened at $17.66 on Tuesday. The firm has a 50-day moving average price of $18.37 and a 200 day moving average price of $20.08. Telenor ASA has a twelve month low of $17.31 and a twelve month high of $22.27. The company has a market capitalization of $26.34 billion, a price-to-earnings ratio of 14.47 and a beta of 0.34. The company has a current ratio of 0.69, a quick ratio of 0.67 and a debt-to-equity ratio of 2.97.

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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