ValuEngine Lowers Telenor ASA (TELNY) to Hold

Telenor ASA (OTCMKTS:TELNY) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Zacks Investment Research raised shares of Telenor ASA from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday.

Telenor ASA (OTCMKTS TELNY) traded up $0.72 on Friday, reaching $22.78. 36,848 shares of the company were exchanged, compared to its average volume of 56,004. The firm has a market cap of $32,656.71, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 5.73 and a beta of 0.96. Telenor ASA has a 1-year low of $15.35 and a 1-year high of $22.70. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.58 and a current ratio of 0.60.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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