Telenor ASA (OTCMKTS:TELNY – Get Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $12.71 and last traded at $12.71, with a volume of 9669 shares changing hands. The stock had previously closed at $12.58.
Analysts Set New Price Targets
Separately, New Street Research upgraded shares of Telenor ASA to a “strong-buy” rating in a report on Monday, July 8th.
Get Our Latest Stock Analysis on Telenor ASA
Telenor ASA Price Performance
Telenor ASA (OTCMKTS:TELNY – Get Free Report) last released its quarterly earnings data on Thursday, July 18th. The utilities provider reported $0.18 earnings per share for the quarter. Telenor ASA had a return on equity of 13.55% and a net margin of 11.36%. The firm had revenue of $1.86 billion during the quarter. As a group, analysts anticipate that Telenor ASA will post 1.3 earnings per share for the current fiscal year.
About Telenor ASA
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.
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