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

Shares of Telenor ASA (OTCMKTS:TELNY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $14.34 and last traded at $14.34, with a volume of 10575 shares changing hands. The stock had previously closed at $14.22.

Analyst Upgrades and Downgrades

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

Telenor ASA Price Performance

The stock has a 50 day moving average of $12.89 and a two-hundred day moving average of $12.26. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.58 and a current ratio of 0.60. The firm has a market capitalization of $19.62 billion, a P/E ratio of 11.03 and a beta of 0.54.

Telenor ASA (OTCMKTS:TELNY) last announced 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%. Sell-side analysts predict 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.