Telenor ASA (OTCMKTS:TELNY) was downgraded by stock analysts at HSBC from a “buy” rating to a “hold” rating in a research report issued on Monday, StockTargetPrices.com reports.
Separately, Berenberg Bank cut shares of Telenor ASA from a “hold” rating to a “sell” rating in a report on Friday, September 16th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Telenor ASA has an average rating of “Sell”.
Telenor ASA (OTCMKTS:TELNY) traded down 1.69% on Monday, reaching $16.82. 12,211 shares of the company were exchanged. Telenor ASA has a 12-month low of $13.71 and a 12-month high of $20.70. The firm has a market capitalization of $25.25 billion, a PE ratio of 140.17 and a beta of 1.28. The stock has a 50 day moving average of $17.21 and a 200 day moving average of $16.67.
Telenor ASA Company Profile
Telenor ASA is a telecommunication company. The Company’s segments include Norway, Sweden, Denmark, Hungary, Bulgaria, Montenegro & Serbia, dtac-Thailand, Digi-Malaysia, Grameenphone-Bangladesh, Pakistan, India, Myanmar, Broadcast and Other units. The Company’s main products and services are mobile communication, fixed line communication and broadcasting activities.
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