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Berenberg Bank downgraded Telenor ASA (OTC:TELNY) from Hold to Sell in a report released today.

Just yesterday Telenor ASA (OTC:TELNY) traded 0.67% lower at $16.37. Telenor ASA’s 50-day average is $17.25 and its two hundred day moving average is $16.59. With the last stock price down 0.96% from the two hundred day average, compared to the S&P 500 Index which has fallen -0.01% over the same time. 769 shares of the stock exchanged hands, down from ann avg. trading volume of 57,555.

Berenberg Bank has downgraded Telenor ASA(OTC:TELNY) from Hold to Sell in a statement released Friday September 16 2016.

Performance Chart:


Telenor ASA has a 52 week low of $13.71 and a 52 week high of $20.70 with a P/E ratio of 138 and has a market cap of $0.0.

More About Telenor ASA (OTC:TELNY)

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. The Company’s mobile communication business mainly includes voice, data, Internet, content services, customer equipment and messaging. Its fixed services comprise telephony, Internet and television, leased lines, leased lines, as well as data services and managed services. Its broadcast activities comprise Canal Digital DTH in the Nordics, satellite broadcasting and terrestrial radio and television transmission in Norway and Belgium. Its Other units consist of International wholesale, Telenor Digital, and corporate functions and others.

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