Telenor ASA (OTCMKTS:TELNY) Trading Down 0.3% – Should You Sell?

Telenor ASA (OTCMKTS:TELNY) shares dropped 0.3% on Monday . The company traded as low as $14.20 and last traded at $14.27. Approximately 20,897 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 24,660 shares. The stock had previously closed at $14.31.

Telenor ASA Stock Down 0.3%

The stock’s fifty day moving average price is $14.36 and its 200 day moving average price is $15.53. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 0.98. The stock has a market cap of $19.53 billion, a P/E ratio of 19.28 and a beta of 0.38.

Telenor ASA Company Profile

Telenor ASA is a Norway-based multinational telecommunications company that provides a broad range of communications and digital services to consumers and businesses. Its core offerings include mobile voice and data services, fixed broadband, television distribution, and related value-added digital services. The company also provides enterprise solutions such as business connectivity, cloud and hosting services, Internet of Things (IoT) connectivity, and wholesale telecommunications services.

In its consumer-facing business, Telenor operates mobile networks, broadband access and content services, and increasingly bundles digital and financial services to enhance customer engagement.