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 issued on Thursday morning,Zacks.com reports.

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

Telenor ASA Price Performance

Shares of TELNY opened at $11.99 on Thursday. Telenor ASA has a 12 month low of $10.55 and a 12 month high of $13.12. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.58 and a quick ratio of 0.56. The stock has a fifty day moving average price of $11.44 and a 200 day moving average price of $11.90. 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 released its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.21 earnings per share for the quarter. The business had revenue of $1.87 billion for the quarter. Telenor ASA had a net margin of 12.38% and a return on equity of 14.50%. On average, research analysts forecast that Telenor ASA will post 1.26 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.