Telenor ASA Given Average Recommendation of “Hold” by Brokerages (OTCMKTS:TELNY)

TheLegacy.com  29.06.2015

 

Telenor ASA has received an average rating of “Hold” from the seven brokerages that are currently covering the company, AnalystRatings.NET reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company.

 

Telenor ASA (OTCMKTS:TELNY) has received an average rating of “Hold” from the seven brokerages that are currently covering the company, AnalystRatings.NET reports. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. TELNY has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Telenor ASA from a “sell” rating to a “hold” rating in a research note on Wednesday, June 17th. Analysts at Bank of America downgraded shares of Telenor ASA from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 13th. Analysts at Deutsche Bank downgraded shares of Telenor ASA from a “buy” rating to a “hold” rating in a research note on Friday, April 17th. Finally, analysts at Kepler Capital Markets downgraded shares of Telenor ASA to a “reduce” rating in a research note on Tuesday, March 17th. Shares of Telenor ASA ( OTCMKTS:TELNY ) traded down 3.693% during mid-day trading on Tuesday, hitting $64.969. 8,504 shares of the company’s stock traded hands. Telenor ASA has a 1-year low of $$56.00 and a 1-year high of $$73.42. The stock’s 50-day moving average is $68.97 and its 200-day moving average is $64.21. Telenor ASA is a Norway-based holding company active in the telecommunications sector. It is the parent company within the Telenor Group. It has mobile operations in 11 markets in the Nordic countries, Central and Eastern Europe and Asia. The Company is active in mobile communication, fixed line communication and television-based activities. Mobile communication business includes voice, data, Internet, content services, customer equipment and messaging. Fixed line services comprise telephony, Internet and television ( OTCMKTS:TELNY ), leased line, data services and managed services. Broadcast includes satellite TV activities, such as pay-TV services, TV-networks systems and broadcasting rights. Additionally, it conducts other operations such as international wholesale and digital services portfolio, comprising start-up companies within international communication services. In September 2014, Hungary’s telecommunications authority has sold mobile broadband frequencies to Telenor ASA, among others.

 

http://www.lulegacy.com/2015/06/29/telenor-asa-given-average-recommendation-of-hold-by-brokerages-otcmktstelny/527750/

 

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