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

Sanford C. Bernstein upgraded shares of Telenor ASA (OTCMKTS:TELNY) from a strong sell rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

Separately, Barclays downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Telenor ASA Stock Performance

OTCMKTS:TELNY opened at $11.99 on Thursday. The company has a market cap of $16.41 billion, a P/E ratio of 17.90 and a beta of 0.58. The firm’s 50 day moving average is $11.44 and its two-hundred day moving average is $11.90. Telenor ASA has a fifty-two week low of $10.55 and a fifty-two week high of $13.12. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.96.

Telenor ASA (OTCMKTS:TELNY) last released 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 company had revenue of $1.87 billion for the quarter. Analysts expect that Telenor ASA will post 1.26 EPS for the current year.

Telenor ASA Company Profile

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.