Telenor ASA (TELNY) – What Are Brokerages Thinking About This Stock?

Telenor ASA (OTCMKTS:TELNY) has earned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a strong buy rating to the company.

Several research analysts recently commented on the stock. 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. New Street Research raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 2nd. Zacks Research cut shares of Telenor ASA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Kepler Capital Markets raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 24th. Finally, Berenberg Bank upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st.

Telenor ASA Trading Down 0.1%

TELNY traded down $0.02 on Friday, hitting $14.28. 58,814 shares of the company were exchanged, compared to its average volume of 63,991. The firm has a fifty day simple moving average of $13.89 and a two-hundred day simple moving average of $15.60. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.30 and a current ratio of 1.32. Telenor ASA has a 12 month low of $12.97 and a 12 month high of $18.92. The stock has a market capitalization of $19.54 billion, a PE ratio of 9.39 and a beta of 0.32.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings data on Wednesday, October 28th. The utilities provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. Telenor ASA had a return on equity of 16.94% and a net margin of 26.85%. The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $1.93 billion. Sell-side analysts expect that Telenor ASA will post 0.90 earnings per share for the current year.

About Telenor ASA

Telenor ASA is a Norwegian telecommunications company headquartered in Fornebu, Norway. Its roots date to 1855, when it was established as Norway’s state telegraph service; it later developed into a telecommunications provider and expanded internationally. The company provides mobile and fixed-line communications, broadband, television, and digital services to consumers and businesses. It also offers connectivity and related services for businesses, including Internet of Things solutions. Telenor’s operations focus primarily on the Nordic region and Bangladesh, where it operates through Grameenphone.