Telenor’s Roller Coaster Ride With Veon Comes to an End; Shares Fairly Valued
Telenor announced on Sept. 21 that it sold an additional 5.1% stake in Veon for $4.15 per ADR. Total proceeds to Telenor will be $365 million (NOK 2.9 billion). We are pleased to see Telenor receive a higher price than previous sales of Veon stock and more than the $3.50 per ADR we were valuing the shares at, but it isn’t enough to move our NOK 164 fair value estimate on the local shares. We believe Telenor’s shares are fairly valued. There is also no change to our Telenor narrow moat rating. Th...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.