Shares of Telenor ASA (NASDAQ:TELNY) have been given an average broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company. Telenor ASA’s rating score has improved by 16.5% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus price objective of $18.88 for the company, according to Zacks. Zacks has also given Telenor ASA an industry rank of 46 out of 265 based on the ratings given to related companies.
Several equities research analysts recently weighed in on TELNY shares. Zacks Investment Research raised Telenor ASA from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday, September 14th. Jefferies Group lowered Telenor ASA from a “buy” rating to a “hold” rating in a report on Friday. HSBC lowered Telenor ASA from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Berenberg Bank lowered Telenor ASA from a “hold” rating to a “sell” rating in a report on Friday, September 16th. Finally, Deutsche Bank AG lowered Telenor ASA from a “hold” rating to a “sell” rating in a report on Friday, July 29th.
Telenor ASA (NASDAQ:TELNY) traded down 2.14% on Friday, hitting $16.01. 10,538 shares of the stock were exchanged. Telenor ASA has a 52-week low of $13.71 and a 52-week high of $20.70. The company has a 50-day moving average price of $16.98 and a 200-day moving average price of $16.69. The firm has a market cap of $24.04 billion and a PE ratio of 132.31.
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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