Telenor ASA (OTCMKTS:TELNY) Given Consensus Rating of “Reduce” by Brokerages

Telenor ASA (OTCMKTS:TELNY) has been assigned an average recommendation of “Reduce” from the five analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

A number of equities research analysts have recently commented on TELNY shares. Citigroup cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 7th. Zacks Research upgraded shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 27th. Barclays cut shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a report on Tuesday, June 23rd. Finally, Pareto Securities cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th.

Telenor ASA Trading Down 0.1%

OTCMKTS:TELNY opened at $14.63 on Tuesday. The company’s 50 day moving average price is $16.35 and its 200-day moving average price is $16.40. Telenor ASA has a 52 week low of $13.79 and a 52 week high of $18.92. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 0.98. The stock has a market cap of $20.02 billion, a price-to-earnings ratio of 14.07 and a beta of 0.28.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. Telenor ASA had a net margin of 18.28% and a return on equity of 16.31%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.94 billion. On average, equities research analysts forecast that Telenor ASA will post 2.09 earnings per share for the current fiscal year.

Telenor ASA Company Profile

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.