Telenor ASA (TELNY) Downgraded to Hold at Jefferies Group
A number of other brokerages also recently issued reports on TELNY. Zacks Investment Research raised Telenor ASA from a sell rating to a hold rating in a research report on Thursday, September 8th. HSBC downgraded Telenor ASA from a buy rating to a hold rating in a research report on Monday, October 3rd. Deutsche Bank AG downgraded Telenor ASA from a hold rating to a sell rating in a research report on Friday, July 29th. Finally, Berenberg Bank downgraded Telenor ASA from a hold rating to a sell rating in a research report on Friday, September 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $19.00.
Shares of Telenor ASA (NASDAQ:TELNY) traded up 0.25% during midday trading on Friday, reaching $16.01. 23,100 shares of the company traded hands. 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 $24.04 billion and a PE ratio of 132.31. The company has a 50-day moving average of $16.93 and a 200 day moving average of $16.69.
About Telenor ASA
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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