Telenor ASA (OTCMKTS:TELNY) Shares Pass Below 50 Day Moving Average of $10.43

Shares of Telenor ASA (OTCMKTS:TELNYGet Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.43 and traded as low as $10.42. Telenor ASA shares last traded at $10.44, with a volume of 20,732 shares trading hands.

Wall Street Analyst Weigh In

Separately, Citigroup assumed coverage on shares of Telenor ASA in a report on Friday, May 26th. They issued a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Telenor ASA currently has a consensus rating of “Hold” and an average price target of $110.00.

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Telenor ASA Price Performance

The business’s fifty day moving average price is $10.43 and its 200 day moving average price is $10.98. The company has a quick ratio of 0.70, a current ratio of 0.59 and a debt-to-equity ratio of 0.97.

Telenor ASA (OTCMKTS:TELNYGet Free Report) last posted its earnings results on Thursday, July 20th. The utilities provider reported $0.07 earnings per share for the quarter. The firm had revenue of $1.89 billion for the quarter. Telenor ASA had a net margin of 62.88% and a return on equity of 9.84%. As a group, analysts anticipate that Telenor ASA will post 1.71 EPS for the current year.

Telenor ASA Company Profile

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Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging. Its fixed services consist of telephony, Internet and TV, and leased lines, as well as data and managed services; and broadcasting and data communication services through satellite, terrestrial radio, and TV transmission.

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