Goldman Sachs Downgrades Telenor ASA to Hold

Telenor ASA (OTCMKTS:TELNY) has been downgraded from 'strong-buy' to 'hold' by The Goldman Sachs Group, according to a report issued on Friday. This change comes as part of a series of recent ratings adjustments for the company.

Multiple analysts have weighed in on Telenor ASA in recent weeks, with Pareto Securities raising its rating from 'hold' to 'strong-buy' and Barclays lowering it from 'equal weight' to 'underweight'. Citigroup also downgraded the stock from 'strong-buy' to 'hold' earlier this month.

The company's current consensus rating is 'hold', based on data from MarketBeat. One analyst has given Telenor ASA a 'strong buy' rating, while three have assigned it a 'hold' rating and one has issued a 'sell' rating.