Telenor ASA (OTCMKTS:TELNY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Telenor ASA (OTCMKTS:TELNYGet Rating) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $120.00.

TELNY has been the subject of a number of research reports. Zacks Investment Research raised Telenor ASA from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Barclays lowered their price target on Telenor ASA from 130.00 to 120.00 in a research report on Friday, April 1st. Finally, UBS Group downgraded Telenor ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, February 24th.

Shares of OTCMKTS:TELNY traded up $0.09 during midday trading on Friday, reaching $12.99. The company’s stock had a trading volume of 151,484 shares, compared to its average volume of 145,833. The business has a 50 day moving average price of $14.36 and a 200 day moving average price of $15.09. Telenor ASA has a 1 year low of $12.57 and a 1 year high of $18.51. The company has a quick ratio of 0.68, a current ratio of 0.71 and a debt-to-equity ratio of 2.83. The firm has a market cap of $18.18 billion, a price-to-earnings ratio of 13.12 and a beta of 0.48.

The business also recently disclosed a dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Friday, May 13th will be paid a dividend of $0.4647 per share. This represents a dividend yield of 9.69%. The ex-dividend date is Thursday, May 12th. Telenor ASA’s dividend payout ratio is presently 83.84%.

About Telenor ASA (Get Rating)

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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