Telenor ASA (OTCMKTS:TELNY) Stock Rating Upgraded by Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Telenor ASA (OTCMKTS:TELNY - Free Report) from a strong sell rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Barclays downgraded shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 6th.

Telenor ASA Price Performance

TELNY stock traded down $0.13 during mid-day trading on Thursday, hitting $11.99. The stock had a trading volume of 17,615 shares, compared to its average volume of 49,185. The firm has a fifty day simple moving average of $11.44 and a 200 day simple moving average of $11.90. The firm has a market capitalization of $16.41 billion, a P/E ratio of 17.90 and a beta of 0.58. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.96. Telenor ASA has a 52 week low of $10.55 and a 52 week high of $13.12.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last issued 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 firm had revenue of $1.87 billion for the quarter. As a group, research analysts forecast that Telenor ASA will post 1.26 EPS 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.