Telenor ASA (TELNY) Lifted to Hold at J P Morgan Chase & Co

J P Morgan Chase & Co upgraded shares of Telenor ASA (NASDAQ:TELNY) from an underweight rating to a hold rating in a report issued on Tuesday, October 17th.

Separately, Zacks Investment Research upgraded shares of Telenor ASA from a hold rating to a buy rating and set a $24.00 target price on the stock in a research report on Tuesday, September 26th.

Telenor ASA (NASDAQ TELNY) opened at 21.13 on Tuesday. Telenor ASA has a 12-month low of $14.34 and a 12-month high of $21.69. The company has a market cap of $32.08 billion and a P/E ratio of 167.70. The firm’s 50-day moving average price is $20.80 and its 200-day moving average price is $18.38.

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Telenor ASA Company Profile

Telenor ASA is a telecommunication company. The Company’s segments include Norway, Sweden, Denmark, Hungary, Bulgaria, Montenegro & Serbia, dtac-Thailand, Digi-Malaysia, Grameenphone-Bangladesh, Pakistan, India, Myanmar, Broadcast and Other units. The Company’s main products and services are mobile communication, fixed line communication and broadcasting activities.

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