Dnb Nor Markets Downgrades Telenor ASA (OTCMKTS:TELNY) to Strong Sell

Telenor ASA (OTCMKTS:TELNY - Get Free Report) was downgraded by Dnb Nor Markets from a "hold" rating to a "strong sell" rating in a report released on Wednesday,Zacks.com reports.

Separately, Sanford C. Bernstein raised shares of Telenor ASA from a "strong sell" rating to a "hold" rating in a report on Thursday, January 23rd.

Telenor ASA Stock Up 1.0 %

Shares of TELNY traded up $0.14 on Wednesday, hitting $14.80. 9,628 shares of the stock traded hands, compared to its average volume of 36,299. Telenor ASA has a one year low of $10.55 and a one year high of $14.85. The company has a market capitalization of $20.25 billion, a PE ratio of 11.38 and a beta of 0.44. The business has a 50 day simple moving average of $13.74 and a 200 day simple moving average of $12.47. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.58 and a current ratio of 0.60.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). Telenor ASA had a return on equity of 16.15% and a net margin of 24.17%. As a group, equities analysts forecast that Telenor ASA will post 0.79 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.