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

Telenor ASA (OTCMKTS:TELNY)’s stock price hit a new 52-week high on Monday . The stock traded as high as $13.74 and last traded at $13.63, with a volume of 29229 shares traded. The stock had previously closed at $13.55.

Analyst Ratings Changes

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

Telenor ASA Stock Performance

The firm has a fifty day moving average of $12.28 and a 200 day moving average of $12.13. 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 stock has a market capitalization of $18.76 billion, a price-to-earnings ratio of 10.55 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 earnings per share 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%. On average, sell-side 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.