Shares of Telenor ASA (OTCMKTS:TELNY – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $12.50 and last traded at $12.43, with a volume of 6937 shares trading hands. The stock had previously closed at $12.33.
Wall Street Analyst Weigh In
Separately, New Street Research raised Telenor ASA to a “strong-buy” rating in a research note on Monday, July 8th.
Get Our Latest Stock Analysis on TELNY
Telenor ASA Trading Up 1.6 %
Telenor ASA (OTCMKTS:TELNY – Get Free Report) last posted its earnings results on Thursday, July 18th. The utilities provider reported $0.18 EPS for the quarter. The firm had revenue of $1.86 billion for the quarter. Telenor ASA had a net margin of 11.36% and a return on equity of 13.55%. Research analysts anticipate that Telenor ASA will post 1.29 EPS 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.
Further Reading
- Five stocks we like better than Telenor ASA
- 3 Fintech Stocks With Good 2021 Prospects
- Emerging Markets: What They Are and Why They Matter
- Are Penny Stocks a Good Fit for Your Portfolio?
- Recession or Not, These 3 Stocks Are Winners
- EV Stocks and How to Profit from Them
- Why NVIDIA Is More of a Screaming Buy Than Ever
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.