Telenor ASA (OTCMKTS:TELNY) Raised to “Strong-Buy” at Pareto Securities

Telenor ASA (OTCMKTS:TELNY) was upgraded by stock analysts at Pareto Securities from a “hold” rating to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

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

Telenor ASA Trading Up 3.4%

OTCMKTS TELNY opened at $13.75 on Friday. Telenor ASA has a twelve month low of $12.97 and a twelve month 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 business’s fifty day moving average is $15.63 and its 200 day moving average is $16.43. The company has a market cap of $18.81 billion, a price-to-earnings ratio of 14.03 and a beta of 0.31.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings data on Thursday, July 16th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Telenor ASA had a return on equity of 15.75% and a net margin of 17.19%.The firm had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.91 billion. As a group, sell-side analysts expect 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.