Telenor ASA (TELNY) Upgraded at JPMorgan Chase & Co.

Telenor ASA (OTCMKTS:TELNY) was upgraded by analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Monday, The Fly reports.

Separately, ValuEngine raised Telenor ASA from a “hold” rating to a “buy” rating in a research note on Saturday, December 15th.

Shares of Telenor ASA stock traded down $0.03 during trading hours on Monday, hitting $18.44. The company’s stock had a trading volume of 32,646 shares, compared to its average volume of 55,166. Telenor ASA has a 12-month low of $17.86 and a 12-month high of $23.56. The company has a market capitalization of $27.73 billion, a price-to-earnings ratio of 15.11 and a beta of 0.45. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.91.

Telenor ASA (OTCMKTS:TELNY) last issued its earnings results on Wednesday, January 30th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.10). Telenor ASA had a return on equity of 20.13% and a net margin of 13.92%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.12 billion. On average, equities analysts expect that Telenor ASA will post 1.24 earnings per share for the current year.

About Telenor ASA

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging.

Recommended Story: What is the balance sheet?

The Fly

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