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Telenor ASA (OTCMKTS:TELNY) has been downgraded from Hold to Sell in a statement by Berenberg earlier today.

Berenberg has downgraded Telenor ASA(OTCMKTS:TELNY) from Hold to Sell in a report released on 9/16/2016.

Just yesterday Telenor ASA (OTCMKTS:TELNY) traded 0.67% lower at $16.54. The company’s 50-day moving average is $17.25 and its 200-day moving average is $16.59. The last close is down 0.96% relative to the 200-day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the date range. 769 shares of Telenor ASA were exchanged, down from ann average trading volume of 57,555.

Recent Performance Chart:


With a total market value of $0.0, Telenor ASA has a price-earnings of 138 with a 52 week low of $13.71 and a one-year high of $20.70.

Brief Synopsis On 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, and corporate functions and others.

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