Telenor ASA (OTCMKTS:TELNY) Hits New 52-Week High - Time to Buy?

Telenor ASA (OTCMKTS:TELNY - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $14.34 and last traded at $14.34, with a volume of 10575 shares. The stock had previously closed at $14.22.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein raised shares of Telenor ASA from a "strong sell" rating to a "hold" rating in a research note on Thursday, January 23rd.

Telenor ASA Price Performance

The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.88. The stock has a 50-day simple moving average of $13.06 and a 200 day simple moving average of $12.30. The stock has a market capitalization of $19.59 billion, a price-to-earnings ratio of 11.02 and a beta of 0.54.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Telenor ASA had a return on equity of 16.15% and a net margin of 24.17%. On average, equities research analysts forecast that Telenor ASA will post 0.79 EPS 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.