Telenor ASA (TELNY) Downgraded to Hold at Jefferies Group
Jefferies Group lowered shares of Telenor ASA (NASDAQ:TELNY) from a buy rating to a hold rating in a research report sent to investors on Friday, The Fly reports.
A number of other research firms have also issued reports on TELNY. Zacks Investment Research raised Telenor ASA from a hold rating to a buy rating and set a $19.00 target price on the stock in a report on Wednesday, September 14th. HSBC lowered Telenor ASA from a buy rating to a hold rating in a report on Monday, October 3rd. Berenberg Bank lowered Telenor ASA from a hold rating to a sell rating in a report on Friday, September 16th. Finally, Deutsche Bank AG lowered Telenor ASA from a hold rating to a sell rating in a report on Friday, July 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Telenor ASA has a consensus rating of Hold and a consensus price target of $19.00.
Shares of Telenor ASA (NASDAQ:TELNY) traded up 0.25% during trading on Friday, reaching $16.01. The company had a trading volume of 23,100 shares. The firm has a 50-day moving average of $16.93 and a 200 day moving average of $16.69. Telenor ASA has a 52 week low of $13.71 and a 52 week high of $20.70. The firm has a market capitalization of $24.04 billion and a price-to-earnings ratio of 132.31.
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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