Report
Allan C. Nichols
EUR 101.80 For Business Accounts Only

Telenor increases its geographic focus by selling its Central and Eastern European operations.

Telenor reported fourth-quarter revenue in line with our expectations, but with slightly better margins. However, we don’t anticipate any significant changes to our NOK 164 fair value estimate for the local shares. Our narrow moat rating is unchanged, and we believe the shares are slightly overvalued. The firm reported revenue growth of 1.2% in the quarter and a decline of 0.5% for the year. Telenor’s full year revenue was NOK 124,756 versus our estimate of NOK 124,725. While revenue in Banglade...
Underlying
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Allan C. Nichols

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