Telenor ASA (OTCMKTS:TELNY) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of Telenor ASA (OTCMKTS:TELNY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.75 and traded as high as $12.79. Telenor ASA shares last traded at $12.67, with a volume of 5,481 shares traded.

Analysts Set New Price Targets

Several equities analysts have commented on TELNY shares. Sanford C. Bernstein upgraded shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays lowered shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

Telenor ASA Stock Up 0.5 %

The company has a market cap of $17.34 billion, a price-to-earnings ratio of 9.75 and a beta of 0.59. The firm has a 50-day moving average price of $11.75 and a 200 day moving average price of $12.02. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.60 and a quick ratio of 0.58.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. Sell-side analysts predict that Telenor ASA will post 0.79 EPS for the current 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.