Telenor ASA (OTCMKTS:TELNY) Hits New 1-Year High – Time to Buy?

Telenor ASA (OTCMKTS:TELNY)’s stock price reached a new 52-week high on Monday . The company traded as high as $14.22 and last traded at $14.22, with a volume of 16356 shares. The stock had previously closed at $14.01.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein upgraded shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 23rd.

Telenor ASA Trading Down 0.2 %

The company has a 50 day simple moving average of $12.54 and a 200 day simple moving average of $12.19. The company has a market capitalization of $19.42 billion, a PE ratio of 10.92 and a beta of 0.54. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.58 and a current ratio of 0.60.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Telenor ASA had a return on equity of 16.15% and a net margin of 24.17%. Analysts anticipate that Telenor ASA will post 0.79 earnings per share for the current year.

Telenor ASA Company Profile

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to residential and business customers, as well as wholesale services.