Telenor ASA (TELNY) Raised to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Telenor ASA (OTCMKTS:TELNY) from a neutral rating to an overweight rating in a research note issued to investors on Monday, reports.

Separately, ValuEngine cut Telenor ASA from a buy rating to a hold rating in a research report on Wednesday, January 2nd.

OTCMKTS:TELNY opened at $18.95 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.86 and a quick ratio of 0.85. Telenor ASA has a 12-month low of $17.86 and a 12-month high of $23.56. The stock has a market cap of $28.18 billion, a P/E ratio of 15.53 and a beta of 0.45.

Telenor ASA (OTCMKTS:TELNY) last released its earnings results on Wednesday, January 30th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.10). Telenor ASA had a return on equity of 20.13% and a net margin of 13.92%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.12 billion. As a group, research analysts anticipate that Telenor ASA will post 1.24 EPS for the current year.

About Telenor ASA

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

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