Telenor ASA (OTCMKTS:TELNY) Upgraded at Pareto Securities

Pareto Securities upgraded shares of Telenor ASA (OTCMKTS:TELNY) from a hold rating to a strong-buy rating in a research note issued to investors on Friday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Barclays downgraded shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, June 23rd. Citigroup lowered shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Finally, Zacks Research cut shares of Telenor ASA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Telenor ASA has a consensus rating of “Hold”.

Telenor ASA Price Performance

Shares of OTCMKTS TELNY opened at $13.75 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.71 and a quick ratio of 0.69. The company has a market cap of $18.81 billion, a price-to-earnings ratio of 14.03 and a beta of 0.31. The stock’s 50-day moving average is $15.63 and its two-hundred day moving average is $16.44. Telenor ASA has a 1-year low of $12.97 and a 1-year high of $18.92.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings data on Thursday, July 16th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Telenor ASA had a return on equity of 15.75% and a net margin of 17.19%.The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. Analysts forecast that Telenor ASA will post 0.93 EPS for the current fiscal year.

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.