Zacks Investment Research Downgrades Telenor (TELNY) to Sell
Zacks Investment Research lowered shares of Telenor (OTCMKTS:TELNY) from a hold rating to a sell rating in a research report report published on Friday.
According to Zacks, “Telenor ASA is a leading telecommunications company in Norway, which is among the most advanced telecommunications markets in the world. It is a provider of mobile communications services worldwide. The Company has four segments: mobile communication, fixed line communication, TV-based activities (Broadcast), and others. The Telenor Group is dynamic and flexible in its business approach, always exploring new markets and new technologies to make long-term investments. This is part of the reason why Telenor has grown from a national telephone service company in Norway to one of the world’s largest mobile provider. The Telenor Group is now a driving force in the industry, engaging in pioneering research and technology development and other areas that are important to develop the core business of Telenor further. “
Separately, ValuEngine downgraded shares of Telenor from a buy rating to a hold rating in a research report on Friday, January 5th.
Telenor (OTCMKTS:TELNY) last issued its quarterly earnings data on Tuesday, January 30th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter. Telenor had a net margin of 9.74% and a return on equity of 27.21%. The business had revenue of $3.93 billion during the quarter. equities analysts predict that Telenor will post 1.37 earnings per share for the current fiscal year.
Telenor Company Profile
Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its products and services primarily include mobile communication, fixed line communication, and broadcasting activities. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging.
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