Telenor ASA (OTCMKTS:TELNY – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $14.17 and traded as low as $13.5022. Telenor ASA shares last traded at $13.64, with a volume of 55,846 shares trading hands.
Wall Street Analyst Weigh In
A number of research firms have commented on TELNY. Zacks Research upgraded shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Pareto Securities upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Kepler Capital Markets raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday. The Goldman Sachs Group cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 4th. Finally, Barclays downgraded shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.
Read Our Latest Report on Telenor ASA
Telenor ASA Price Performance
Telenor ASA (OTCMKTS:TELNY – Get Free Report) last posted its quarterly earnings results on Thursday, July 16th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Telenor ASA had a return on equity of 15.27% and a net margin of 17.19%.The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. On average, equities research analysts predict that Telenor ASA will post 0.93 EPS for the current year.
Telenor ASA Company Profile
Telenor ASA is a Norwegian telecommunications company headquartered in Fornebu, Norway. It provides mobile communications, fixed-line and wireless broadband, television, and related digital services to consumers, businesses, and public-sector customers.
The company operates telecommunications businesses primarily across the Nordic region and Asia. Its services include mobile voice and data, 5G connectivity, broadband access, digital entertainment, communications infrastructure, and Internet of Things solutions.
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