Telenor ASA (OTCMKTS:TELNY – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as $12.97 and last traded at $13.30, with a volume of 71,679 shares changing hands. The stock had previously closed at $13.11.
Analyst Upgrades and Downgrades
Several analysts recently commented on TELNY shares. Berenberg Bank upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 1st. Kepler Capital Markets raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 24th. Pareto Securities upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Zacks Research upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Barclays lowered Telenor ASA from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Telenor ASA presently has a consensus rating of “Moderate Buy”.
View Our Latest Stock Report on TELNY
Telenor ASA Trading Down 4.4%
The stock has a market cap of $18.26 billion, a PE ratio of 16.62 and a beta of 0.31. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 1.06. The stock’s fifty day moving average price is $14.00 and its 200 day moving average price is $15.19.
Telenor ASA (OTCMKTS:TELNY – Get Free Report) last posted its earnings results on Thursday, July 16th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Telenor ASA had a net margin of 17.19% and a return on equity of 15.27%. On average, sell-side analysts forecast that Telenor ASA will post 0.90 EPS for the current year.
Telenor ASA Company Profile
Telenor ASA is a Norwegian telecommunications company that provides mobile and fixed-line communications services, broadband, television, and related digital services. Its offerings serve consumer and business customers and include mobile voice and data, fiber and wireless broadband, connectivity, Internet of Things solutions, and other communications services.
Headquartered in Fornebu, Norway, Telenor operates primarily in the Nordic region and has established partnerships and investments in telecommunications businesses in parts of Asia.
Recommended Stories
- Five stocks we like better than Telenor ASA
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
Receive News & Ratings for Telenor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenor ASA and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}