Telenor ASA (OTCMKTS:TELNY) Hits New 1-Year High at $12.50

Shares of Telenor ASA (OTCMKTS:TELNY) 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.

Telenor ASA Trading Up 1.6 %

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.58. The company’s 50 day moving average price is $11.79 and its 200 day moving average price is $11.53. The company has a market cap of $17.35 billion, a price-to-earnings ratio of 24.86 and a beta of 0.57.

Telenor ASA (OTCMKTS:TELNY) 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.