Telenor ASA (OTCMKTS:TELNY) Upgraded to Hold at Sanford C. Bernstein

Telenor ASA (OTCMKTS:TELNY) was upgraded by stock analysts at Sanford C. Bernstein from a “strong sell” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Separately, Barclays downgraded 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 %

OTCMKTS:TELNY opened at $11.99 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.58 and a quick ratio of 0.56. Telenor ASA has a one year low of $10.55 and a one year high of $13.12. The company has a market cap of $16.41 billion, a PE ratio of 17.90 and a beta of 0.58. The firm has a 50-day moving average of $11.43 and a 200-day moving average of $11.90.

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