Telenor ASA (TELNY) Receives Consensus Rating of “Hold” from Analysts

Telenor ASA (OTCMKTS:TELNY) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company.

Separately, Zacks Investment Research cut Telenor ASA from a “buy” rating to a “hold” rating in a research report on Thursday, March 23rd.

Shares of Telenor ASA (OTCMKTS:TELNY) traded up 0.99% during midday trading on Tuesday, hitting $16.29. The stock had a trading volume of 52,991 shares. The company has a market capitalization of $24.42 billion, a PE ratio of 75.07 and a beta of 0.98. Telenor ASA has a one year low of $14.34 and a one year high of $18.09. The firm’s 50-day moving average is $16.10 and its 200 day moving average is $15.92.

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Telenor ASA Company Profile

Telenor ASA is a telecommunication company. The Company’s segments include Norway, Sweden, Denmark, Hungary, Bulgaria, Montenegro & Serbia, dtac-Thailand, Digi-Malaysia, Grameenphone-Bangladesh, Pakistan, India, Myanmar, Broadcast and Other units. The Company’s main products and services are mobile communication, fixed line communication and broadcasting activities.

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