Telenor ASA (TELNY) Given Consensus Recommendation of “Hold” by Analysts

Telenor ASA (OTCMKTS:TELNY) has been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $18.90.

TELNY has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Telenor ASA from a “sell” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. cut shares of Telenor ASA from an “overweight” rating to a “neutral” rating and set a $18.44 price objective for the company. in a research note on Tuesday, February 12th. ValuEngine cut shares of Telenor ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. Credit Suisse Group raised shares of Telenor ASA from an “underperform” rating to a “neutral” rating and set a $19.36 price objective for the company in a research note on Friday, February 22nd. Finally, DNB Markets cut shares of Telenor ASA from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd.

Shares of OTCMKTS TELNY traded down $0.08 during midday trading on Friday, hitting $19.84. The company’s stock had a trading volume of 144,809 shares, compared to its average volume of 54,942. Telenor ASA has a one year low of $17.86 and a one year high of $23.56. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.91. The firm has a market cap of $29.88 billion, a P/E ratio of 16.26 and a beta of 0.44.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings results on Wednesday, January 30th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.10). The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.12 billion. Telenor ASA had a net margin of 13.92% and a return on equity of 20.13%. Equities analysts expect that Telenor ASA will post 1.24 EPS for the current year.

Telenor ASA Company Profile

Telenor ASA engages in the provision of telecommunications, data, and media services. Its products and services includes mobile communication, fixed line communication, and broadcasting activities. It operates through the following segments: Norway, Sweden, Denmark, Hungary, Bulgaria, Montenegro & Serbia, dtac-Thailand, Digi-Malaysia, Grameenphone-Bangladesh, Pakistan, Myanmar, Broadcast, and Other Units.

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