Telenor ASA (TELNY) Receives $18.90 Average PT from Analysts

Telenor ASA (OTCMKTS:TELNY) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $18.90.

Several equities research analysts have recently commented on TELNY shares. JPMorgan Chase & Co. upgraded shares of Telenor ASA from a “neutral” rating to an “overweight” rating in a research note on Monday, February 11th. Credit Suisse Group upgraded shares of Telenor ASA from an “underperform” rating to a “neutral” rating and set a $19.36 target price on the stock in a research note on Friday, February 22nd. DNB Markets downgraded shares of Telenor ASA from a “buy” rating to a “hold” rating in a research note on Friday, March 22nd. Finally, Zacks Investment Research upgraded shares of Telenor ASA from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th.

Shares of OTCMKTS:TELNY opened at $19.40 on Friday. Telenor ASA has a 52 week low of $17.86 and a 52 week high of $21.90. The firm has a market capitalization of $29.04 billion, a PE ratio of 15.90 and a beta of 0.44.

Telenor ASA (OTCMKTS:TELNY) last issued its earnings results on Tuesday, April 30th. The utilities provider reported $0.31 EPS for the quarter. Telenor ASA had a net margin of 13.61% and a return on equity of 22.29%. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.01 billion. Sell-side analysts expect that Telenor ASA will post 1.22 earnings per share for the current fiscal year.

Telenor ASA Company Profile

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

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