Telenor ASA (OTCMKTS:TELNY) Short Interest Down 39.3% in February

Telenor ASA (OTCMKTS:TELNY) was the recipient of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 10,800 shares, a decrease of 39.3% from the January 31st total of 17,800 shares. Based on an average daily volume of 39,200 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

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

Telenor ASA Stock Up 1.3 %

OTCMKTS TELNY opened at $13.12 on Tuesday. Telenor ASA has a 12 month low of $10.55 and a 12 month high of $13.23. The company has a market capitalization of $17.95 billion, a P/E ratio of 10.09 and a beta of 0.59. The company’s 50 day simple moving average is $11.98 and its 200 day simple moving average is $12.07. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.60 and a quick ratio of 0.58.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly 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%. Equities research analysts expect 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.