Telenor ASA (OTCMKTS:TELNY) Stock Gets Downgrade from Zacks Research

Telenor ASA (OTCMKTS:TELNY) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday, Zacks reports.

Several other brokerages have also issued reports on TELNY. Berenberg Bank raised Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Barclays lowered Telenor ASA from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, June 23rd. Pareto Securities raised Telenor ASA from a “hold” rating to a “strong-buy” rating in a 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 lowered shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 4th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Telenor ASA Stock Up 0.2%

OTCMKTS TELNY opened at $13.33 on Tuesday. The stock has a fifty day moving average of $13.97 and a 200-day moving average of $15.08. The stock has a market capitalization of $18.24 billion, a P/E ratio of 15.85 and a beta of 0.31. Telenor ASA has a 52 week low of $12.97 and a 52 week high of $18.92. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.30 and a current ratio of 1.32.

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.