Zacks Investment Research downgraded shares of Telenor ASA (OTCMKTS:TELNY) from a buy rating to a hold rating in a research note issued to investors on Wednesday.
According to Zacks, “Telenor ASA is a leading telecommunications company in Norway, which is among the most advanced telecommunications markets in the world. It is a provider of mobile communications services worldwide. The Company has four segments: mobile communication, fixed line communication, TV-based activities (Broadcast), and others. The Telenor Group is dynamic and flexible in its business approach, always exploring new markets and new technologies to make long-term investments. This is part of the reason why Telenor has grown from a national telephone service company in Norway to one of the world’s largest mobile provider. The Telenor Group is now a driving force in the industry, engaging in pioneering research and technology development and other areas that are important to develop the core business of Telenor further. “
Separately, ValuEngine upgraded shares of Telenor ASA from a hold rating to a buy rating in a research note on Thursday, October 26th.
TRADEMARK VIOLATION WARNING: “Zacks Investment Research Lowers Telenor ASA (TELNY) to Hold” was first posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://stocknewstimes.com/2018/02/17/zacks-investment-research-lowers-telenor-asa-telny-to-hold-2.html.
About Telenor ASA
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Telenor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenor ASA and related companies with MarketBeat.com's FREE daily email newsletter.