Telenor ASA (OTCMKTS:TELNY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $24.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 5.42% from the stock’s previous close.

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 shares of Telenor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th.

Shares of Telenor ASA (OTCMKTS:TELNY) traded up $0.70 during mid-day trading on Friday, reaching $22.77. 15,328 shares of the company’s stock traded hands, compared to its average volume of 56,004. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.60 and a quick ratio of 0.58. Telenor ASA has a 52 week low of $15.35 and a 52 week high of $22.70. The stock has a market cap of $32,656.71, a PE ratio of 23.23, a PEG ratio of 5.73 and a beta of 0.96.

TRADEMARK VIOLATION WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another domain, it was stolen and reposted in violation of US and international copyright and trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/05/telenor-asa-telny-upgraded-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Telenor ASA (TELNY)

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.