Telenor ASA (OTCMKTS:TELNY) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Telenor ASA (OTCMKTS:TELNY) have earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a strong buy recommendation on the company.

TELNY has been the topic of several recent analyst reports. Zacks Research upgraded shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Berenberg Bank upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday. Pareto Securities raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Kepler Capital Markets upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 24th. Finally, The Goldman Sachs Group downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 4th.

Telenor ASA Trading Up 0.8%

OTCMKTS TELNY opened at $13.38 on Friday. Telenor ASA has a 1-year low of $12.97 and a 1-year high of $18.92. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average of $14.14 and a 200-day moving average of $15.47. The firm has a market cap of $18.31 billion, a PE ratio of 13.65 and a beta of 0.31.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings results on Thursday, July 16th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.91 billion. Telenor ASA had a return on equity of 15.27% and a net margin of 17.19%. As a group, sell-side analysts forecast that Telenor ASA will post 0.93 EPS for the current year.

About Telenor ASA

Telenor ASA is a Norwegian telecommunications company that provides mobile and fixed-line communications services, broadband, television, and related digital services. Its offerings serve consumer and business customers and include mobile voice and data, fiber and wireless broadband, connectivity, Internet of Things solutions, and other communications services.

Headquartered in Fornebu, Norway, Telenor operates primarily in the Nordic region and has established partnerships and investments in telecommunications businesses in parts of Asia.