Telenor ASA (OTCMKTS:TELNY) Rating Lowered to “Strong Sell” at Zacks Research

Telenor ASA (OTCMKTS:TELNY) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday, Zacks reports.

TELNY has been the subject of several other research reports. Berenberg Bank raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 1st. Pareto Securities upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Barclays downgraded Telenor ASA from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, June 23rd. The Goldman Sachs Group lowered Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 4th. Finally, Kepler Capital Markets raised Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 24th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Telenor ASA has a consensus rating of “Moderate Buy”.

Telenor ASA Stock Up 0.2%

Shares of OTCMKTS:TELNY opened at $13.33 on Tuesday. Telenor ASA has a 52 week low of $12.97 and a 52 week high of $18.92. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.30 and a current ratio of 1.32. The company has a market capitalization of $18.24 billion, a PE ratio of 15.85 and a beta of 0.31. The company has a 50 day moving average price of $13.97 and a two-hundred day moving average price of $15.08.

About Telenor ASA

Telenor ASA is a Norwegian telecommunications company headquartered in Fornebu, Norway. The company provides mobile voice and data services, fixed broadband, television, digital communications and related technology services to consumers, businesses and public-sector customers.

Telenor’s core operating businesses are concentrated in the Nordic region, including Norway, Sweden, Denmark and Finland. Its services include mobile networks, fiber and other broadband connections, entertainment offerings, enterprise connectivity, Internet of Things solutions and digital services.