Telenor ASA (OTCMKTS:TELNY – Get Free Report) saw unusually-strong trading volume on Friday . 96,768 shares traded hands during trading, an increase of 100% from the previous session’s volume of 48,343 shares.The stock last traded at $13.74 and had previously closed at $13.70.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Pareto Securities upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Citigroup lowered shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 7th. Barclays cut shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a report on Tuesday, June 23rd. Finally, Zacks Research downgraded shares of Telenor ASA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.
Get Our Latest Report on Telenor ASA
Telenor ASA Stock Up 0.1%
Telenor ASA (OTCMKTS:TELNY – Get Free Report) last announced its quarterly earnings results on Thursday, July 16th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.91 billion. Telenor ASA had a net margin of 17.19% and a return on equity of 15.75%. On average, equities research analysts forecast that Telenor ASA will post 0.93 EPS for the current fiscal year.
About Telenor ASA
Telenor ASA is a Norway-based multinational telecommunications company that provides a broad range of communications and digital services to consumers and businesses. Its core offerings include mobile voice and data services, fixed broadband, television distribution, and related value-added digital services. The company also provides enterprise solutions such as business connectivity, cloud and hosting services, Internet of Things (IoT) connectivity, and wholesale telecommunications services.
In its consumer-facing business, Telenor operates mobile networks, broadband access and content services, and increasingly bundles digital and financial services to enhance customer engagement.
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