Telenor ASA (OTCMKTS:TELNY) Reaches New 1-Year Low – Should You Sell?

Telenor ASA (OTCMKTS:TELNY) reached a new 52-week low on Tuesday . The stock traded as low as $10.55 and last traded at $10.75, with a volume of 58975 shares traded. The stock had previously closed at $10.96.

Analyst Ratings Changes

Separately, Barclays lowered shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Telenor ASA Stock Down 1.9 %

The stock has a fifty day moving average of $11.77 and a two-hundred day moving average of $11.93. 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 has a market cap of $14.71 billion, a price-to-earnings ratio of 16.04 and a beta of 0.57.

Telenor ASA (OTCMKTS:TELNY) last posted its earnings results on Wednesday, October 30th. The utilities provider reported $0.21 earnings per share for the quarter. Telenor ASA had a net margin of 12.38% and a return on equity of 14.50%. The business had revenue of $1.87 billion for the quarter. As a group, 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.