Telenor ASA (TELNY) – What Are Brokerages Saying About This Stock?

Telenor ASA (OTCMKTS:TELNY) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a strong buy rating to the company.

Several equities research analysts recently issued reports on the stock. Berenberg Bank raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Kepler Capital Markets upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 24th. Barclays cut shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 4th. Finally, Pareto Securities upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th.

Telenor ASA Price Performance

Shares of TELNY stock opened at $13.31 on Wednesday. The company has a market capitalization of $18.21 billion, a PE ratio of 13.58 and a beta of 0.31. The firm has a fifty day simple moving average of $13.98 and a 200-day simple moving average of $15.11. The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06. Telenor ASA has a twelve month low of $12.97 and a twelve month high of $18.92.

Telenor ASA Company Profile

Telenor ASA is a Norwegian telecommunications company headquartered in Fornebu, Norway. The company provides mobile voice and data services, fixed broadband, television, digital communications and related technology services to consumers, businesses and public-sector customers.

Telenor’s core operating businesses are concentrated in the Nordic region, including Norway, Sweden, Denmark and Finland. Its services include mobile networks, fiber and other broadband connections, entertainment offerings, enterprise connectivity, Internet of Things solutions and digital services.