Telenor ASA (OTCMKTS:TELNY) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Telenor ASA (OTCMKTS:TELNY) have earned an average rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a strong buy recommendation to the company.

Separately, Pareto Securities upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th.

Telenor ASA Stock Down 0.1%

OTCMKTS:TELNY opened at $15.84 on Tuesday. The company has a market cap of $21.67 billion, a price-to-earnings ratio of 21.41 and a beta of 0.38. Telenor ASA has a twelve month low of $11.75 and a twelve month high of $17.32. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 0.98. The stock has a fifty day simple moving average of $14.38 and a 200-day simple moving average of $15.47.

About Telenor ASA

Telenor ASA is a Norway-based multinational telecommunications company that provides a broad range of communications and digital services to consumers and businesses. Its core offerings include mobile voice and data services, fixed broadband, television distribution, and related value-added digital services. The company also provides enterprise solutions such as business connectivity, cloud and hosting services, Internet of Things (IoT) connectivity, and wholesale telecommunications services.

In its consumer-facing business, Telenor operates mobile networks, broadband access and content services, and increasingly bundles digital and financial services to enhance customer engagement.