Telenor ASA (OTCMKTS:TELNY) Reaches New 12-Month High – Should You Buy?

Shares of Telenor ASA (OTCMKTS:TELNY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $14.22 and last traded at $14.22, with a volume of 16356 shares. The stock had previously closed at $14.01.

Wall Street Analysts Forecast Growth

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

Telenor ASA Stock Up 1.5 %

The stock has a market capitalization of $19.46 billion, a PE ratio of 10.94 and a beta of 0.54. 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 business’s fifty day moving average price is $12.43 and its two-hundred day moving average price is $12.17.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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, equities research analysts forecast that Telenor ASA will post 0.79 EPS 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.