Telenor ASA (OTCMKTS:TELNY) Upgraded 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 research report report published on Thursday morning,Zacks.com reports.

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

Telenor ASA Trading Down 1.1 %

Shares of OTCMKTS:TELNY opened at $11.99 on Thursday. 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 12-month low of $10.55 and a 12-month high of $13.12. The business has a 50 day moving average of $11.43 and a two-hundred day moving average of $11.90. The company has a market capitalization of $16.41 billion, a PE ratio of 17.90 and a beta of 0.58.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter. Telenor ASA had a net margin of 12.38% and a return on equity of 14.50%. The firm had revenue of $1.87 billion for the quarter. As a group, analysts forecast that Telenor ASA will post 1.26 EPS for the current 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.