Today, Telenor ASA (TELNY) Stock Rating Upgrade by RBC Capital Markets

Today, Telenor ASA (TELNY) Stock Rating Upgrade by 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 research note issued on Friday, The Fly reports.

A number of other equities analysts also recently weighed in on the stock. HSBC downgraded shares of Telenor ASA from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Deutsche Bank AG downgraded shares of Telenor ASA from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Zacks Investment Research downgraded shares of Telenor ASA from a “hold” rating to a “sell” rating in a research note on Thursday, September 1st. Berenberg Bank downgraded shares of Telenor ASA from a “hold” rating to a “sell” rating in a research note on Friday, September 16th. Finally, Jefferies Group downgraded shares of Telenor ASA from a “buy” rating to a “hold” rating in a research note on Friday, October 14th. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.00.

Telenor ASA (OTCMKTS:TELNY) opened at 14.76 on Friday. The company has a 50-day moving average of $15.72 and a 200-day moving average of $16.50. Telenor ASA has a 1-year low of $13.71 and a 1-year high of $18.09. The firm’s market cap is $22.17 billion.

Telenor ASA Company Profile

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