Telenor ASA (OTCMKTS:TELNY - Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 6,100 shares, a decrease of 88.8% from the March 15th total of 54,700 shares. Based on an average daily trading volume, of 67,800 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.
Telenor ASA Trading Up 0.1 %
Shares of OTCMKTS TELNY traded up $0.01 during trading on Friday, hitting $14.20. 24,776 shares of the company were exchanged, compared to its average volume of 37,650. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.58 and a current ratio of 0.60. Telenor ASA has a 12-month low of $10.55 and a 12-month high of $14.69. The company has a fifty day moving average price of $13.47 and a 200-day moving average price of $12.39. The firm has a market capitalization of $19.43 billion, a PE ratio of 10.92 and a beta of 0.44.
Telenor ASA (OTCMKTS:TELNY - Get Free Report) last announced 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%. As a group, equities research analysts expect that Telenor ASA will post 0.79 EPS for the current year.
Analyst Ratings Changes
Separately, Sanford C. Bernstein upgraded shares of Telenor ASA from a "strong sell" rating to a "hold" rating in a research report on Thursday, January 23rd.
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About Telenor ASA
(
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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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