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

Telenor ASA (OTCMKTS:TELNY) was upgraded by equities research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Friday, FlyOnTheWall reports.

Separately, Citigroup began coverage on Telenor ASA in a report on Friday, May 26th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Telenor ASA currently has an average rating of “Moderate Buy” and a consensus target price of $110.00.

Telenor ASA Stock Performance

TELNY opened at $10.72 on Friday. The firm’s 50 day moving average is $10.47 and its 200-day moving average is $10.96. Telenor ASA has a 52-week low of $8.55 and a 52-week high of $12.63. The company has a current ratio of 0.59, a quick ratio of 0.56 and a debt-to-equity ratio of 0.97.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings results on Thursday, July 20th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $1.89 billion for the quarter. Telenor ASA had a net margin of 62.88% and a return on equity of 9.84%. On average, equities research analysts predict that Telenor ASA will post 1.71 earnings per share for the current year.

About Telenor ASA

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging. Its fixed services consist of telephony, Internet and TV, and leased lines, as well as data and managed services; and broadcasting and data communication services through satellite, terrestrial radio, and TV transmission.