Telenor ASA (TELNY) Receives Consensus Rating of “Hold” from Brokerages
Telenor ASA (OTCMKTS:TELNY) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the stock. Two research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company.
TELNY has been the topic of several analyst reports. Zacks Investment Research lowered Telenor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, March 23rd. Berenberg Bank upgraded Telenor ASA from a “sell” rating to a “hold” rating in a research note on Wednesday, January 25th.
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Shares of Telenor ASA (OTCMKTS:TELNY) traded up 1.99% during trading on Friday, reaching $15.89. 24,213 shares of the company were exchanged. The firm has a market capitalization of $23.82 billion, a P/E ratio of 74.60 and a beta of 1.22. Telenor ASA has a 1-year low of $14.34 and a 1-year high of $18.09. The firm’s 50 day moving average is $16.17 and its 200 day moving average is $15.76.
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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