Telenor ASA (OTCMKTS:TELNY) Hits New 12-Month High – Here’s What Happened

Telenor ASA (OTCMKTS:TELNY)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $14.66 and last traded at $14.62, with a volume of 15738 shares changing hands. The stock had previously closed at $14.31.

Analyst Ratings Changes

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

Telenor ASA Stock Up 2.2 %

The company has a debt-to-equity ratio of 0.88, a current ratio of 0.60 and a quick ratio of 0.58. The company has a market capitalization of $20.01 billion, a PE ratio of 11.25 and a beta of 0.54. The business’s 50 day simple moving average is $13.11 and its 200 day simple moving average is $12.31.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 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, analysts anticipate that Telenor ASA will post 0.79 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.