Telenor ASA (ADR) (NASDAQ:TELNY) has been downgraded to Sell in a statement by Berenberg Bank earlier today.
- Updated: September 15, 2016
Berenberg Bank has downgraded Telenor ASA (ADR)(NASDAQ:TELNY) to Sell in a statement released on 9/16/2016.
Previously on 9/14/2016, Zacks Investment Research released a statement for Telenor ASA (ADR)(NASDAQ:TELNY) upped the target price from $0.00 to $19.00 that suggested an upside of 0.12%.
Showing a price of $16.54, Telenor ASA (ADR) (NASDAQ:TELNY) traded 0.67% lower on the day. The last stock close is down 0.96% from the two hundred day average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. TELNY has logged a 50-day average of $17.25 and 200-day moving average of $16.59. Volume of trade was was down over the average, with 769 shares of TELNY changing hands under the typical 57,555 shares.
Recent Performance Chart:
Telenor ASA (ADR) has a PE of 138 with a one-year low of $13.71 and a one-year high of $20.70 and has a market capitalization of $0.0.
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, and corporate functions and others.
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