Barclays Downgrades Telenor ASA (OTCMKTS:TELNY) to Hold

Telenor ASA (OTCMKTS:TELNY - Get Free Report) was downgraded by equities researchers at Barclays from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday,Zacks.com reports.

Telenor ASA Stock Down 0.9 %

TELNY traded down $0.11 during trading on Wednesday, hitting $11.90. The stock had a trading volume of 14,584 shares, compared to its average volume of 27,591. The stock has a 50 day simple moving average of $12.46 and a two-hundred day simple moving average of $11.98. The company has a market capitalization of $16.28 billion, a PE ratio of 17.76 and a beta of 0.58. Telenor ASA has a twelve month low of $10.22 and a twelve month high of $13.12. 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 (OTCMKTS:TELNY - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $1.87 billion during the quarter. Telenor ASA had a net margin of 12.38% and a return on equity of 14.50%. On average, research analysts predict that Telenor ASA will post 1.32 earnings per share for the current 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.