Telenor ASA (TELNY) Stock Rating Lowered by Zacks Investment Research
Zacks Investment Research downgraded shares of Telenor ASA (OTCMKTS:TELNY) from a buy rating to a hold rating in a research report report published on Friday morning.
According to Zacks, “Telenor ASA is a leading telecommunications company in Norway, which is among the most advanced telecommunications markets in the world. It is a provider of mobile communications services worldwide. The Company has four segments: mobile communication, fixed line communication, TV-based activities (Broadcast), and others. The Telenor Group is dynamic and flexible in its business approach, always exploring new markets and new technologies to make long-term investments. This is part of the reason why Telenor has grown from a national telephone service company in Norway to one of the world’s largest mobile provider. The Telenor Group is now a driving force in the industry, engaging in pioneering research and technology development and other areas that are important to develop the core business of Telenor further. “
Separately, ValuEngine raised Telenor ASA from a hold rating to a buy rating in a research report on Thursday, October 26th.
Telenor ASA (OTCMKTS:TELNY) last issued its earnings results on Wednesday, October 25th. The utilities provider reported $0.49 earnings per share for the quarter. Telenor ASA had a return on equity of 28.08% and a net margin of 9.72%. research analysts expect that Telenor ASA will post 1.25 EPS for the current fiscal year.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Telenor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenor ASA and related companies with MarketBeat.com's FREE daily email newsletter.