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.

Shares of Telenor ASA (OTCMKTS:TELNY) opened at $23.45 on Friday. Telenor ASA has a 1 year low of $15.38 and a 1 year high of $23.48. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $34,990.00, a PE ratio of 22.99, a PEG ratio of 5.90 and a beta of 1.17.

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.

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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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