Telenor ASA (TELNY) Lowered to Hold at HSBC
A number of other brokerages have also weighed in on TELNY. Zacks Investment Research raised shares of Telenor ASA from a hold rating to a buy rating and set a $19.00 price target for the company in a report on Wednesday, September 14th. Deutsche Bank AG lowered shares of Telenor ASA from a hold rating to a sell rating in a report on Friday, July 29th. Finally, Berenberg Bank lowered shares of Telenor ASA from a hold rating to a sell rating in a report on Friday, September 16th.
Telenor ASA (NASDAQ:TELNY) traded up 2.37% during mid-day trading on Monday, hitting $17.27. The stock had a trading volume of 16,595 shares. Telenor ASA has a 1-year low of $13.71 and a 1-year high of $20.70. The company has a 50-day moving average price of $17.19 and a 200 day moving average price of $16.68. The company has a market cap of $25.93 billion and a P/E ratio of 143.92.
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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