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

Telenor ASA (OTCMKTS:TELNY – Get Free Report) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a strong buy rating to the company.

TELNY has been the subject of several analyst reports. The Goldman Sachs Group lowered Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 4th. Kepler Capital Markets upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday. Pareto Securities upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Zacks Research raised shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Barclays cut shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, June 23rd.

Check Out Our Latest Stock Analysis on Telenor ASA

Telenor ASA Stock Up 0.9%

Shares of OTCMKTS TELNY opened at $13.64 on Friday. The firm’s 50-day moving average price is $14.17 and its 200-day moving average price is $15.62. 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 market capitalization of $18.66 billion, a price-to-earnings ratio of 13.92 and a beta of 0.31. Telenor ASA has a 12-month low of $12.97 and a 12-month high of $18.92.

Telenor ASA (OTCMKTS:TELNY – Get Free Report) last released its quarterly earnings results on Thursday, July 16th. The utilities provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). Telenor ASA had a return on equity of 15.27% and a net margin of 17.19%.The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. On average, equities research analysts anticipate that Telenor ASA will post 0.93 EPS for the current fiscal year.

Telenor ASA Company Profile

(Get Free Report)

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

The company operates telecommunications businesses primarily across the Nordic region and Asia. Its services include mobile voice and data, 5G connectivity, broadband access, digital entertainment, communications infrastructure, and Internet of Things solutions.

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