Telenor ASA (OTCMKTS:TELNY) was upgraded by research analysts at RBC Capital Markets from an “underperform” rating to a “sector perform” rating in a research note issued to investors on Friday.

A number of other research analysts also recently commented on the company. HSBC downgraded Telenor ASA from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Deutsche Bank AG downgraded Telenor ASA from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Zacks Investment Research downgraded Telenor ASA from a “hold” rating to a “sell” rating in a research note on Thursday, September 1st. Berenberg Bank downgraded Telenor ASA from a “hold” rating to a “sell” rating in a research note on Friday, September 16th. Finally, Jefferies Group downgraded Telenor ASA from a “buy” rating to a “hold” rating in a research note on Friday, October 14th. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $19.00.

Analyst Recommendations for Telenor ASA (OTCMKTS:TELNY)

Shares of Telenor ASA (OTCMKTS:TELNY) opened at 14.40 on Friday. The company’s 50 day moving average price is $0.00 and its 200 day moving average price is $0.00. Telenor ASA has a one year low of $13.71 and a one year high of $18.09.

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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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