Telenor ASA (OTCMKTS:TELNY) Stock Rating Lowered by Barclays

Telenor ASA (OTCMKTS:TELNY) was downgraded by investment analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Telenor ASA Trading Down 0.9 %

TELNY opened at $11.90 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.58. The stock’s 50 day moving average price is $12.46 and its 200-day moving average price is $11.98. Telenor ASA has a one year low of $10.22 and a one year high of $13.12. The stock has a market cap of $16.28 billion, a price-to-earnings ratio of 17.76 and a beta of 0.58.

Telenor ASA (OTCMKTS:TELNY) last released its earnings results on Wednesday, October 30th. The utilities provider reported $0.21 earnings per share for the quarter. Telenor ASA had a return on equity of 14.50% and a net margin of 12.38%. The business had revenue of $1.87 billion for the quarter. On average, equities analysts forecast that Telenor ASA will post 1.32 EPS for the current year.

About Telenor ASA

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to residential and business customers, as well as wholesale services.