Telenor ASA (OTCMKTS:TELNY) Reaches New 12-Month High – Should You Buy?

Telenor ASA (OTCMKTS:TELNYGet Free Report)’s share price hit 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 traded. The stock had previously closed at $14.01.

Analyst Ratings Changes

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.

Get Our Latest Stock Analysis on TELNY

Telenor ASA Stock Performance

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 firm’s 50-day moving average is $12.43 and its two-hundred day moving average is $12.17. The stock has a market cap of $19.46 billion, a price-to-earnings ratio of 10.94 and a beta of 0.54.

Telenor ASA (OTCMKTS:TELNYGet Free Report) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 earnings per share 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%. As a group, sell-side analysts expect that Telenor ASA will post 0.79 earnings per share for the current year.

About Telenor ASA

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Telenor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenor ASA and related companies with MarketBeat.com's FREE daily email newsletter.