Telenor ASA (OTCMKTS:TELNY) Reaches New 52-Week High – Should You Buy?

Telenor ASA (OTCMKTS:TELNY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $13.14 and last traded at $13.04, with a volume of 6538 shares changing hands. The stock had previously closed at $12.89.

Analyst Ratings Changes

A number of research firms have recently weighed in on TELNY. Barclays lowered Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Sanford C. Bernstein upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 23rd.

Telenor ASA Stock Performance

The company has a market capitalization of $17.84 billion, a P/E ratio of 10.03 and a beta of 0.59. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.58 and a current ratio of 0.60. The business’s fifty day simple moving average is $11.78 and its 200-day simple moving average is $12.03.

Telenor ASA (OTCMKTS:TELNY) last issued its earnings results on Thursday, February 6th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). Telenor ASA had a return on equity of 16.15% and a net margin of 24.17%. As a group, equities analysts anticipate that Telenor ASA will post 0.79 earnings per share for the current fiscal 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.