Telenor ASA (OTCMKTS:TELNY) Rating Increased to Hold at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Telenor ASA (OTCMKTS:TELNY) from a strong sell rating to a hold rating in a report published on Thursday morning,Zacks.com reports.

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

Telenor ASA Stock Down 1.1 %

Shares of Telenor ASA stock opened at $11.99 on Thursday. Telenor ASA has a 52-week low of $10.55 and a 52-week high of $13.12. The firm’s 50 day moving average price is $11.43 and its 200-day moving average price is $11.90. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.96. The company has a market cap of $16.41 billion, a P/E ratio of 17.90 and a beta of 0.58.

Telenor ASA (OTCMKTS:TELNY) last issued 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 for the quarter. Telenor ASA had a return on equity of 14.50% and a net margin of 12.38%. On average, sell-side analysts predict that Telenor ASA will post 1.26 EPS for the current fiscal 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.