Telenor ASA (OTCMKTS:TELNY) Stock Passes Above 50 Day Moving Average – What’s Next?

Telenor ASA (OTCMKTS:TELNY)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $11.75 and traded as high as $12.79. Telenor ASA shares last traded at $12.67, with a volume of 5,481 shares traded.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Barclays cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Sanford C. Bernstein raised Telenor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 23rd.

Telenor ASA Trading Up 0.5 %

The stock has a 50-day moving average price of $11.75 and a two-hundred day moving average price of $12.02. The stock has a market capitalization of $17.34 billion, a PE ratio of 9.75 and a beta of 0.59. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.58 and a current ratio of 0.60.

Telenor ASA (OTCMKTS:TELNY) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. As a group, equities analysts forecast that Telenor ASA will post 0.79 earnings per share for the current 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.