Telenor ASA (TELNY) Cut to “Hold” at Zacks Investment Research

Telenor ASA (OTCMKTS:TELNY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

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 report on Friday, February 2nd.

Telenor ASA (OTCMKTS:TELNY) traded down $0.25 during mid-day trading on Wednesday, hitting $22.15. 20,674 shares of the company traded hands, compared to its average volume of 88,327. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.71. Telenor ASA has a 52 week low of $15.40 and a 52 week high of $24.49. The company has a market cap of $32,870.00, a price-to-earnings ratio of 21.50, a P/E/G ratio of 7.16 and a beta of 1.17.

COPYRIGHT VIOLATION WARNING: “Telenor ASA (TELNY) Cut to “Hold” at Zacks Investment Research” was posted by American Banking News and is owned by of American Banking News. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark legislation. The legal version of this piece can be viewed at

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

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's FREE daily email newsletter.

Leave a Reply