Telenor ASA (OTCMKTS:TELNY) Stock Rating Lowered by Zacks Investment Research

Telenor ASA (OTCMKTS:TELNY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday, January 12th.

According to Zacks, “Telenor ASA is a leading telecommunications company in Norway, which is among the most advanced telecommunications markets in the world. It is a provider of mobile communications services worldwide. The Company has four segments: mobile communication, fixed line communication, TV-based activities (Broadcast), and others. The Telenor Group is dynamic and flexible in its business approach, always exploring new markets and new technologies to make long-term investments. This is part of the reason why Telenor has grown from a national telephone service company in Norway to one of the world’s largest mobile provider. The Telenor Group is now a driving force in the industry, engaging in pioneering research and technology development and other areas that are important to develop the core business of Telenor further. “

Separately, ValuEngine upgraded shares of Telenor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th.

Shares of Telenor ASA (OTCMKTS:TELNY) opened at $24.09 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.71 and a quick ratio of 0.69. Telenor ASA has a twelve month low of $15.40 and a twelve month high of $24.49. The firm has a market cap of $36,170.13, a PE ratio of 18.67, a P/E/G ratio of 6.91 and a beta of 0.96.

Telenor ASA (OTCMKTS:TELNY) last released its earnings results on Wednesday, October 25th. The utilities provider reported $0.49 EPS for the quarter. Telenor ASA had a net margin of 9.72% and a return on equity of 28.08%. analysts expect that Telenor ASA will post 1.28 earnings per share for the current year.

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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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