Telenor ASA (TELNY) Downgraded to Hold at HSBC

HSBC cut shares of Telenor ASA (OTCMKTS:TELNY) from a buy rating to a hold rating in a research note released on Monday morning, reports.

Separately, Berenberg Bank cut shares of Telenor ASA from a hold rating to a sell rating in a research report on Friday, September 16th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock currently has an average rating of Sell.

Telenor ASA (OTCMKTS:TELNY) opened at 16.87 on Monday. The company has a market cap of $25.33 billion, a PE ratio of 140.58 and a beta of 1.28. Telenor ASA has a 52-week low of $13.71 and a 52-week high of $20.70. The stock’s 50 day moving average is $17.19 and its 200-day moving average is $16.68.

About Telenor ASA

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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