A number of other analysts also recently weighed in on TELNY. Berenberg Bank downgraded shares of Telenor ASA from a hold rating to a sell rating in a report on Friday, September 16th. Zacks Investment Research raised shares of Telenor ASA from a hold rating to a buy rating and set a $19.00 price target for the company in a report on Wednesday, September 14th. Finally, Deutsche Bank AG downgraded shares of Telenor ASA from a hold rating to a sell rating in a report on Friday, July 29th.
Telenor ASA (NASDAQ:TELNY) traded up 2.37% during mid-day trading on Monday, reaching $17.27. 16,595 shares of the company’s stock were exchanged. Telenor ASA has a 12 month low of $13.71 and a 12 month high of $20.70. The firm has a market cap of $25.93 billion and a price-to-earnings ratio of 143.92. The stock has a 50-day moving average of $17.19 and a 200-day moving average of $16.68.
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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