Telenor ASA (OTCMKTS:TELNY) Stock Bumped Up to “Strong-Buy” by New Street Research

New Street Research upgraded shares of Telenor ASA (OTCMKTS:TELNY) from a hold rating to a strong-buy rating in a report published on Monday morning,Zacks reports.

Several other analysts also recently issued reports on TELNY. The Goldman Sachs Group downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 4th. Kepler Capital Markets raised Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 24th. Berenberg Bank upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Zacks Research lowered Telenor ASA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 20th. Finally, Pareto Securities upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Four investment analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Telenor ASA presently has a consensus rating of “Moderate Buy”.

Telenor ASA Stock Down 0.2%

Shares of TELNY stock opened at $14.32 on Monday. Telenor ASA has a 12-month low of $12.97 and a 12-month high of $18.92. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 1.06. The firm has a fifty day moving average of $13.92 and a 200-day moving average of $15.63. The company has a market capitalization of $19.59 billion, a price-to-earnings ratio of 9.42 and a beta of 0.31.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings data on Wednesday, October 28th. The utilities provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.24 by $0.04. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Telenor ASA had a net margin of 26.85% and a return on equity of 16.94%. As a group, equities research analysts predict that Telenor ASA will post 0.90 earnings per share for the current fiscal year.

Telenor ASA Company Profile

Telenor ASA is a Norwegian telecommunications company headquartered in Fornebu, Norway. The company provides mobile voice and data services, fixed broadband, television, digital communications and related technology services to consumers, businesses and public-sector customers.

Telenor’s core operating businesses are concentrated in the Nordic region, including Norway, Sweden, Denmark and Finland. Its services include mobile networks, fiber and other broadband connections, entertainment offerings, enterprise connectivity, Internet of Things solutions and digital services.