Todays Report: Today, Telenor ASA (TELNY) Raised to Sector Perform at RBC Capital Markets

Today, Telenor ASA (TELNY) Raised to Sector Perform at RBC Capital Markets

Telenor ASA (OTCMKTS:TELNY) was upgraded by stock analysts at RBC Capital Markets from an “underperform” rating to a “sector perform” rating in a report issued on Friday, The Fly reports.

Several other brokerages also recently commented on TELNY. Zacks Investment Research raised Telenor ASA from a “sell” rating to a “hold” rating in a research note on Thursday, September 8th. HSBC downgraded Telenor ASA from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Deutsche Bank AG downgraded Telenor ASA from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Berenberg Bank downgraded Telenor ASA from a “hold” rating to a “sell” rating in a research note on Friday, September 16th. Finally, Jefferies Group downgraded Telenor ASA from a “buy” rating to a “hold” rating in a research note on Friday, October 14th. Four analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Telenor ASA has a consensus rating of “Hold” and an average target price of $19.00.

Shares of Telenor ASA (OTCMKTS:TELNY) opened at 14.40 on Friday. The company’s 50-day moving average price is $0.00 and its 200 day moving average price is $0.00. Telenor ASA has a 52 week low of $13.71 and a 52 week high of $18.09.

About Telenor ASA

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