Telenor ASA (OTCMKTS:TELNY) Reaches New 12-Month High at $12.71

Telenor ASA (OTCMKTS:TELNY)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $12.71 and last traded at $12.71, with a volume of 9669 shares changing hands. The stock had previously closed at $12.58.

Analyst Ratings Changes

Separately, New Street Research upgraded Telenor ASA to a “strong-buy” rating in a report on Monday, July 8th.

Telenor ASA Stock Down 1.0 %

The business’s 50 day moving average price is $11.93 and its 200-day moving average price is $11.60. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.58 and a quick ratio of 0.56. The company has a market cap of $17.21 billion, a P/E ratio of 24.67 and a beta of 0.57.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings results on Thursday, July 18th. The utilities provider reported $0.18 EPS for the quarter. Telenor ASA had a net margin of 11.36% and a return on equity of 13.55%. The business had revenue of $1.86 billion for the quarter. On average, analysts anticipate that Telenor ASA will post 1.3 earnings per share for the current fiscal year.

Telenor ASA Company Profile

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.