Telenor ASA (TELNY) Rating Lowered to Hold at HSBC
Telenor ASA (NASDAQ:TELNY) was downgraded by HSBC from a “buy” rating to a “hold” rating in a note issued to investors on Monday.
TELNY has been the topic of several other reports. Zacks Investment Research downgraded Telenor ASA from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Berenberg Bank downgraded Telenor ASA from a “hold” rating to a “sell” rating in a report on Friday, September 16th. Finally, Deutsche Bank AG downgraded Telenor ASA from a “hold” rating to a “sell” rating in a report on Friday, July 29th.
Telenor ASA (NASDAQ:TELNY) opened at 17.03 on Monday. The stock has a 50 day moving average price of $17.18 and a 200 day moving average price of $16.68. The stock has a market cap of $25.57 billion and a PE ratio of 141.92. Telenor ASA has a 1-year low of $13.71 and a 1-year high of $20.70.
Telenor ASA Company Profile
Telenor ASA is a telecommunication company. The Company’s segments include Norway, Sweden, Denmark, Hungary, Bulgaria, Montenegro & Serbia, dtac-Thailand, Digi-Malaysia, Grameenphone-Bangladesh, Pakistan, India, Myanmar, Broadcast and Other units. The Company’s main products and services are mobile communication, fixed line communication and broadcasting activities.
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