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

Telenor (OTCMKTS:TELNY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday, March 15th. The brokerage presently has a $26.00 price objective on the utilities provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.41% from the company’s current price.

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 raised shares of Telenor from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.

Shares of OTCMKTS:TELNY traded down $0.07 during trading on Thursday, reaching $23.13. The stock had a trading volume of 80,755 shares, compared to its average volume of 37,552. Telenor has a 52 week low of $15.40 and a 52 week high of $24.49. The company has a current ratio of 0.71, a quick ratio of 0.69 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $34,728.72, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 7.52 and a beta of 0.94.

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