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

Shares of Telenor ASA (OTCMKTS:TELNY) have received a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating on the company.

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

Telenor ASA Price Performance

Shares of OTCMKTS:TELNY opened at $15.86 on Tuesday. 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 company has a market cap of $21.70 billion, a PE ratio of 21.43 and a beta of 0.38. The company’s 50 day moving average is $14.35 and its 200 day moving average is $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.