Telenor ASA (TELNY) Downgraded by Zacks Investment Research

Telenor ASA (OTCMKTS:TELNY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Saturday.

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

Shares of Telenor ASA (OTCMKTS:TELNY) traded down $0.12 during trading on Friday, reaching $24.09. 43,992 shares of the company were exchanged, compared to its average volume of 35,608. Telenor ASA has a one year low of $15.40 and a one year high of $24.49. 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 stock has a market capitalization of $36,350.30, a P/E ratio of 24.58, a P/E/G ratio of 6.95 and a beta of 0.96.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter. Telenor ASA had a net margin of 9.72% and a return on equity of 28.08%. analysts predict that Telenor ASA will post 1.28 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Telenor ASA (TELNY) Downgraded by Zacks Investment Research” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/20/telenor-asa-telny-downgraded-by-zacks-investment-research.html.

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.

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.

Leave a Reply