Telenor ASA (OTCMKTS:TELNY) Upgraded at New Street Research

Telenor ASA (OTCMKTS:TELNY) was upgraded by New Street Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other research analysts also recently weighed in on TELNY. Pareto Securities upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Zacks Research lowered shares of Telenor ASA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Kepler Capital Markets upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 24th. The Goldman Sachs Group downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 4th. Finally, Berenberg Bank raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Four investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Telenor ASA Price Performance

OTCMKTS TELNY opened at $14.32 on Monday. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $19.59 billion, a PE ratio of 14.95 and a beta of 0.31. The company has a 50 day moving average price of $13.92 and a two-hundred day moving average price of $15.63. Telenor ASA has a 12-month low of $12.97 and a 12-month high of $18.92.

Telenor ASA (OTCMKTS:TELNY) last posted its earnings results on Wednesday, October 28th. The utilities provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.24 by $0.04. Telenor ASA had a net margin of 26.85% and a return on equity of 16.94%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.93 billion. As a group, equities analysts predict that Telenor ASA will post 0.90 earnings per share for the current fiscal year.

About Telenor ASA

Telenor ASA is a Norwegian telecommunications company headquartered in Fornebu, Norway. The company provides mobile voice and data services, fixed broadband, television, digital communications and related technology services to consumers, businesses and public-sector customers.

Telenor’s core operating businesses are concentrated in the Nordic region, including Norway, Sweden, Denmark and Finland. Its services include mobile networks, fiber and other broadband connections, entertainment offerings, enterprise connectivity, Internet of Things solutions and digital services.