Telenor (TELNY) Downgraded by JPMorgan Chase

Telenor (OTCMKTS:TELNY) was downgraded by analysts at JPMorgan Chase from a “neutral” rating to a “sell” rating in a report issued on Tuesday.

Several other brokerages also recently commented on TELNY. Zacks Investment Research upgraded Telenor from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Friday, January 5th. ValuEngine downgraded Telenor from a “buy” rating to a “hold” rating in a report on Friday, January 5th.

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OTCMKTS:TELNY opened at $22.16 on Tuesday. Telenor has a 52 week low of $15.40 and a 52 week high of $24.49. The company has a market capitalization of $33,475.01, a P/E ratio of 17.45, a PEG ratio of 8.53 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.69 and a current ratio of 0.71.

Telenor (OTCMKTS:TELNY) last released its quarterly earnings data on Tuesday, January 30th. The utilities provider reported $0.19 EPS for the quarter. Telenor had a return on equity of 27.21% and a net margin of 9.74%. The firm had revenue of $3.93 billion for the quarter. sell-side analysts anticipate that Telenor will post 1.28 EPS for the current year.

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Telenor Company Profile

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its products and services primarily include mobile communication, fixed line communication, and broadcasting activities. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging.

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