Telenor ASA (OTCMKTS:TELNY) Stock Rating Lowered by DNB Markets

Telenor ASA (OTCMKTS:TELNY) was downgraded by stock analysts at DNB Markets from a “hold” rating to a “sell” rating in a research note issued on Tuesday, The Fly reports.

Other research analysts also recently issued reports about the company. Zacks Investment Research raised Telenor ASA from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Thursday, April 11th. Goldman Sachs Group raised Telenor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Telenor ASA currently has a consensus rating of “Hold” and a consensus price target of $19.93.

Shares of OTCMKTS:TELNY opened at $21.57 on Tuesday. Telenor ASA has a 12-month low of $17.86 and a 12-month high of $22.27. The firm has a market capitalization of $32.35 billion, a P/E ratio of 17.68 and a beta of 0.35. The firm has a 50 day moving average of $20.91.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings results on Tuesday, April 30th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter. Telenor ASA had a return on equity of 22.29% and a net margin of 13.61%. The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.01 billion. As a group, equities analysts expect that Telenor ASA will post 1.21 EPS for the current fiscal year.

About Telenor ASA

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging.

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Analyst Recommendations for Telenor ASA (OTCMKTS:TELNY)

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