Telenor ASA (TELNY) Receives Consensus Recommendation of “Hold” from Brokerages
Telenor ASA (OTCMKTS:TELNY) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the company. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company.
TELNY has been the subject of several recent analyst reports. Berenberg Bank cut Telenor ASA from a “hold” rating to a “sell” rating in a report on Friday, September 16th. HSBC cut Telenor ASA from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Zacks Investment Research cut Telenor ASA from a “hold” rating to a “sell” rating in a report on Wednesday, November 16th. Jefferies Group cut Telenor ASA from a “buy” rating to a “hold” rating in a report on Friday, October 14th. Finally, Deutsche Bank AG cut Telenor ASA from a “hold” rating to a “sell” rating in a report on Friday, July 29th.
Telenor ASA (OTCMKTS:TELNY) opened at 14.72 on Monday. The stock has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00. Telenor ASA has a 52 week low of $13.71 and a 52 week high of $18.09.
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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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