Telenor ASA (OTCMKTS:TELNY) Stock Rating Lowered by New Street Research

Telenor ASA (OTCMKTS:TELNY) was downgraded by equities research analysts at New Street Research from a “strong-buy” rating to a “hold” rating in a research note issued on Friday,Zacks.com reports.

TELNY has been the topic of a number of other research reports. Berenberg Bank downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 26th. Dnb Nor Markets downgraded Telenor ASA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Telenor ASA Stock Down 1.0%

OTCMKTS TELNY opened at $15.54 on Friday. The firm has a market cap of $21.26 billion, a PE ratio of 21.00 and a beta of 0.43. Telenor ASA has a one year low of $10.55 and a one year high of $16.14. The stock’s 50 day simple moving average is $15.51 and its 200 day simple moving average is $14.39. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.44 and a quick ratio of 0.42.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings data on Friday, July 18th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $20.02 billion. Telenor ASA had a net margin of 13.67% and a return on equity of 14.56%. As a group, sell-side analysts forecast that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

Telenor ASA Company Profile

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to residential and business customers, as well as wholesale services.