Telenor ASA (OTCMKTS:TELNY) Lowered to Underweight Rating by Barclays

Telenor ASA (OTCMKTS:TELNY) was downgraded by research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Tuesday.

Several other brokerages have also recently issued reports on TELNY. Zacks Research upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Pareto Securities cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Citigroup lowered Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Telenor ASA Trading Down 0.3%

OTCMKTS TELNY opened at $14.89 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.69 and a current ratio of 0.71. The firm has a market cap of $20.38 billion, a price-to-earnings ratio of 14.32 and a beta of 0.28. The firm has a 50 day simple moving average of $16.57 and a 200-day simple moving average of $16.41. Telenor ASA has a one year low of $13.79 and a one year high of $18.92.

Telenor ASA (OTCMKTS:TELNY) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Telenor ASA had a net margin of 18.28% and a return on equity of 16.31%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.94 billion. Equities research analysts anticipate that Telenor ASA will post 2.09 EPS for the current fiscal year.

About Telenor ASA

Telenor ASA is a Norway-based multinational telecommunications company that provides a broad range of communications and digital services to consumers and businesses. Its core offerings include mobile voice and data services, fixed broadband, television distribution, and related value-added digital services. The company also provides enterprise solutions such as business connectivity, cloud and hosting services, Internet of Things (IoT) connectivity, and wholesale telecommunications services.

In its consumer-facing business, Telenor operates mobile networks, broadband access and content services, and increasingly bundles digital and financial services to enhance customer engagement.