Shares of Telenor ASA (OTCMKTS:TELNY – Get Free Report) 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.
View Our Latest Analysis on TELNY
Telenor ASA Stock Up 1.5 %
Telenor ASA (OTCMKTS:TELNY – Get Free Report) 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.
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