Telenor ASA (OTCMKTS:TELNY) Reaches New 52-Week High at $12.50

Telenor ASA (OTCMKTS:TELNY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.50 and last traded at $12.43, with a volume of 6937 shares traded. The stock had previously closed at $12.33.

Analyst Upgrades and Downgrades

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

Telenor ASA Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.58. The stock has a market cap of $17.01 billion, a PE ratio of 17.37 and a beta of 0.57. The business has a 50-day moving average of $11.72 and a 200 day moving average of $11.51.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings results on Thursday, July 18th. The utilities provider reported $0.18 EPS for the quarter. The company had revenue of $1.86 billion during the quarter. Telenor ASA had a return on equity of 13.55% and a net margin of 11.36%. Equities research analysts predict that Telenor ASA will post 1.29 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.