Shares of Telenor ASA (NASDAQ:TELNY) have been assigned an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating. Telenor ASA’s rating score has improved by 60% in the last 90 days as a result of a number of analysts’ ratings changes.
Brokers have set a 1 year consensus target price of $17.84 for the company, according to Zacks. Zacks has also given Telenor ASA an industry rank of 34 out of 265 based on the ratings given to related companies.
Several research firms have commented on TELNY. Zacks Investment Research raised shares of Telenor ASA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Deutsche Bank AG cut shares of Telenor ASA from a “hold” rating to a “sell” rating in a research note on Friday, July 29th.
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Telenor ASA (NASDAQ:TELNY) traded down 1.67% during trading on Tuesday, hitting $17.04. 23,424 shares of the stock were exchanged. The stock’s 50-day moving average price is $17.28 and its 200-day moving average price is $16.57. The firm has a market cap of $25.58 billion and a PE ratio of 142.00. Telenor ASA has a 12-month low of $13.71 and a 12-month high of $20.70.
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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