Telenor ASA (OTCMKTS:TELNY) Stock Rating Lowered by Barclays

Telenor ASA (OTCMKTS:TELNYGet Free Report) was downgraded by stock analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Telenor ASA Stock Performance

Shares of OTCMKTS:TELNY traded down $0.11 during trading on Wednesday, hitting $11.90. The company’s stock had a trading volume of 14,584 shares, compared to its average volume of 27,591. 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 firm has a market cap of $16.28 billion, a price-to-earnings ratio of 17.76 and a beta of 0.58. The company has a 50-day moving average of $12.46 and a 200-day moving average of $11.98. Telenor ASA has a 12 month low of $10.22 and a 12 month high of $13.12.

Telenor ASA (OTCMKTS:TELNYGet Free Report) last released its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.21 earnings per share for the quarter. Telenor ASA had a net margin of 12.38% and a return on equity of 14.50%. The business had revenue of $1.87 billion for the quarter. On average, sell-side analysts expect that Telenor ASA will post 1.32 earnings per share for the current year.

About Telenor ASA

(Get Free Report)

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.

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