Telenor ASA (OTCMKTS:TELNY – Get Free Report) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 100 shares, a decrease of 97.9% from the August 15th total of 4,800 shares. Based on an average daily volume of 29,100 shares, the days-to-cover ratio is presently 0.0 days.
Analysts Set New Price Targets
Separately, New Street Research upgraded shares of Telenor ASA to a “strong-buy” rating in a research report on Monday, July 8th.
Get Our Latest Analysis on Telenor ASA
Telenor ASA Stock Down 1.0 %
Telenor ASA (OTCMKTS:TELNY – Get Free Report) last announced 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 firm had revenue of $1.86 billion during the quarter. Sell-side analysts anticipate that Telenor ASA will post 1.3 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.
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