Telenor ASA (OTCMKTS:TELNY) has been downgraded from Buy to Hold in a statement by HSBC earlier today.
- Updated: October 3, 2016
HSBC has downgraded Telenor ASA (OTCMKTS:TELNY) from Buy to Hold in a statement released on 10/3/2016.
Boasting a price of $17.11, Telenor ASA (OTCMKTS:TELNY) traded -1.75% lower on the day. With the last stock price close up 0.86% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Telenor ASA has recorded a 50-day average of $17.21 and a two hundred day average of $16.67. Volume of trade was down over the average, with 5,774 shares of TELNY changing hands under the typical 52,492
With a total market value of $0, Telenor ASA has price-earnings ratio of 140.08 with a one year low of $13.71 and a one year high of $20.70 .
Brief Synopsis About Telenor ASA (OTCMKTS: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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