Sanford C. Bernstein Upgrades Telenor ASA (OTCMKTS:TELNY) to Hold

Telenor ASA (OTCMKTS:TELNY) was upgraded by analysts at Sanford C. Bernstein from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Barclays lowered Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Telenor ASA Trading Down 1.1 %

TELNY stock opened at $11.99 on Thursday. The company has a market capitalization of $16.41 billion, a PE ratio of 17.90 and a beta of 0.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.58. Telenor ASA has a one year low of $10.55 and a one year high of $13.12. The company’s 50 day moving average price is $11.43 and its two-hundred day moving average price is $11.90.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.21 earnings per share for the quarter. Telenor ASA had a net margin of 12.38% and a return on equity of 14.50%. The business had revenue of $1.87 billion during the quarter. As a group, analysts predict that Telenor ASA will post 1.26 earnings per share for the current fiscal year.

Telenor ASA Company Profile

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.