Telenor ASA (OTCMKTS:TELNY) Stock Rating Lowered by Berenberg Bank

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Berenberg Bank lowered shares of Telenor ASA (OTCMKTS:TELNY) from a buy rating to a hold rating in a research report released on Thursday, The Fly reports.

TELNY has been the topic of a number of other reports. DNB Markets lowered Telenor ASA from a hold rating to a sell rating in a research note on Tuesday, June 25th. Zacks Investment Research upgraded Telenor ASA from a sell rating to a hold rating in a research note on Tuesday, October 8th. Barclays lowered Telenor ASA from an overweight rating to an equal weight rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. lowered Telenor ASA from an overweight rating to a neutral rating in a research note on Wednesday, October 2nd. Finally, ValuEngine lowered Telenor ASA from a buy rating to a hold rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $19.93.

Telenor ASA stock opened at $19.71 on Thursday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.80 and a current ratio of 0.82. The business’s 50-day simple moving average is $20.15 and its 200-day simple moving average is $20.49. The firm has a market capitalization of $29.11 billion, a PE ratio of 16.16 and a beta of 0.35. Telenor ASA has a 52 week low of $17.86 and a 52 week high of $22.27.

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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Analyst Recommendations for Telenor ASA (OTCMKTS:TELNY)

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