Telenor ASA (OTCMKTS:TELNY) Shares Cross Above Fifty Day Moving Average - Here's Why

Telenor ASA (OTCMKTS:TELNY - Get Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.75 and traded as high as $12.79. Telenor ASA shares last traded at $12.67, with a volume of 5,481 shares traded.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Sanford C. Bernstein raised Telenor ASA from a "strong sell" rating to a "hold" rating in a research note on Thursday, January 23rd. Barclays downgraded shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, November 6th.

Telenor ASA Stock Up 1.7 %

The company has a market cap of $17.64 billion, a P/E ratio of 9.92 and a beta of 0.59. 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 business's 50 day moving average price is $11.78 and its 200-day moving average price is $12.03.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last issued its quarterly earnings data 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 net margin of 24.17% and a return on equity of 16.15%. On average, analysts anticipate that Telenor ASA will post 0.79 earnings per share 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.