Telenor ASA (OTCMKTS:TELNY) Reaches New 1-Year High – Here’s What Happened

Telenor ASA (OTCMKTS:TELNY)’s share price hit a new 52-week high on Tuesday . The company traded as high as $13.14 and last traded at $13.04, with a volume of 6538 shares changing hands. The stock had previously closed at $12.89.

Wall Street Analyst Weigh In

TELNY has been the topic of several research reports. Sanford C. Bernstein upgraded shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Telenor ASA Trading Up 1.2 %

The firm has a market capitalization of $17.84 billion, a P/E ratio of 10.03 and a beta of 0.59. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.88. The stock has a 50 day simple moving average of $11.78 and a 200-day simple moving average of $12.03.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. On average, equities research analysts forecast that Telenor ASA will post 0.79 EPS for the current fiscal 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.