Telenor ASA (OTCMKTS:TELNY) Reaches New 1-Year High at $12.71

Telenor ASA (OTCMKTS:TELNY) reached 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. The stock had previously closed at $12.58.

Analysts Set New Price Targets

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

Telenor ASA Price Performance

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

Telenor ASA (OTCMKTS:TELNY) last posted 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. As a group, equities analysts predict that Telenor ASA will post 1.3 earnings per share for the current 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.