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HSBC downgraded Telenor ASA (ADR) (NASDAQ:TELNY) to Hold in a report released today.

Yesterday Telenor ASA (ADR) (NASDAQ:TELNY) traded -1.75% lower at $16.81. The company’s 50-day moving average is $17.21 and its 200-day moving average is $16.67. The last stock close price is up 0.86% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 5,774 shares of the stock were exchanged, down from an average trading volume of 52,492

HSBC has downgraded Telenor ASA (ADR) (NASDAQ:TELNY) to Hold in a report released on Monday October 03, 2016.

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Telenor ASA (ADR) (NASDAQ:TELNY)

Telenor ASA (ADR) has a 52 week low of $13.71 and a 52 week high of $20.70 with a P/E ratio of 140.08 The company’s market cap is currently $0.

General Information About Telenor ASA (ADR) (NASDAQ: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, corporate functions and others.

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