Telenor (TELNY) Lowered to “Hold” at Zacks Investment Research

Telenor (OTCMKTS:TELNY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

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. “

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Separately, ValuEngine upgraded Telenor from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.

Shares of Telenor stock traded up $0.23 during trading on Thursday, hitting $23.21. The stock had a trading volume of 18,039 shares, compared to its average volume of 72,868. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm has a market cap of $34,653.65, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 7.50 and a beta of 0.94. Telenor has a fifty-two week low of $15.40 and a fifty-two week high of $24.49.

Telenor (OTCMKTS:TELNY) last announced its quarterly earnings data on Tuesday, January 30th. The utilities provider reported $0.19 earnings per share for the quarter. The business had revenue of $3.93 billion during the quarter. Telenor had a return on equity of 27.21% and a net margin of 9.74%. analysts anticipate that Telenor will post 1.38 earnings per share for the current fiscal year.

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Telenor Company Profile

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

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