Telenor ASA (OTCMKTS:TELNY) Stock Rating Lowered by Zacks Research

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

Other equities analysts also recently issued reports about the stock. Berenberg Bank raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Barclays lowered shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 4th. Pareto Securities upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, Kepler Capital Markets raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 24th. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Telenor ASA Stock Up 0.2%

Shares of OTCMKTS:TELNY opened at $13.33 on Tuesday. Telenor ASA has a 1 year low of $12.97 and a 1 year high of $18.92. The company has a market capitalization of $18.24 billion, a PE ratio of 13.60 and a beta of 0.31. The business has a fifty day moving average price of $13.97 and a two-hundred day moving average price of $15.08. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.32 and a quick ratio of 1.30.

Telenor ASA Company Profile

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.