Telenor ASA (OTCMKTS:TELNY - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $13.31 and traded as low as $12.44. Telenor ASA shares last traded at $12.97, with a volume of 159,058 shares changing hands.
Analyst Ratings Changes
Separately, Sanford C. Bernstein raised shares of Telenor ASA from a "strong sell" rating to a "hold" rating in a research report on Thursday, January 23rd.
Read Our Latest Research Report on TELNY
Telenor ASA Stock Performance
The firm has a market capitalization of $18.88 billion, a PE ratio of 10.62 and a beta of 0.44. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.60 and a quick ratio of 0.58. The stock has a 50-day moving average price of $13.38 and a 200-day moving average price of $12.36.
Telenor ASA (OTCMKTS:TELNY - Get Free Report) last released its earnings results on Thursday, February 6th. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. On average, research analysts expect that Telenor ASA will post 0.79 EPS for the current fiscal year.
Telenor ASA Company Profile
(
Get Free Report)
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.
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