Telenor ASA (OTCMKTS:TELNY) Rating Reiterated by Barclays

Telenor ASA (OTCMKTS:TELNY)‘s stock had its “overweight” rating reaffirmed by analysts at Barclays in a note issued to investors on Wednesday, The Fly reports.

A number of other equities analysts have also commented on TELNY. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Telenor ASA in a research note on Tuesday, October 20th. HSBC raised Telenor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, January 7th. Zacks Investment Research raised Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Telenor ASA in a research note on Wednesday, December 16th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.00.

TELNY stock traded up $0.03 during trading on Wednesday, hitting $17.17. The company had a trading volume of 30,166 shares, compared to its average volume of 54,752. The company has a fifty day moving average price of $17.06 and a two-hundred day moving average price of $16.43. The company has a current ratio of 0.63, a quick ratio of 0.61 and a debt-to-equity ratio of 3.09. The company has a market cap of $25.26 billion, a P/E ratio of 37.33, a P/E/G ratio of 0.57 and a beta of 0.48. Telenor ASA has a fifty-two week low of $12.61 and a fifty-two week high of $18.94.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings data on Wednesday, October 21st. The utilities provider reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.07. The company had revenue of $3.29 billion for the quarter. Telenor ASA had a return on equity of 13.88% and a net margin of 4.97%. On average, analysts expect that Telenor ASA will post 1.03 earnings per share for the current year.

Telenor ASA Company Profile

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company's mobile communication services comprise voice, data, internet, and content services, as well as customer equipment and messaging.

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Analyst Recommendations for Telenor ASA (OTCMKTS:TELNY)

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