Telenor ASA (OTCMKTS:TELNY) Hits New 1-Year High – What’s Next?

Telenor ASA (OTCMKTS:TELNY)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $14.34 and last traded at $14.34, with a volume of 10575 shares. The stock had previously closed at $14.22.

Wall Street Analyst Weigh In

Separately, Sanford C. Bernstein upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 23rd.

Telenor ASA Trading Up 0.9 %

The company has a market cap of $19.81 billion, a P/E ratio of 11.13 and a beta of 0.54. The business’s 50-day moving average price is $13.00 and its 200 day moving average price is $12.29. 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 posted its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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, analysts expect 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.