Telenor ASA (OTCMKTS:TELNY) Sees Large Volume Increase – Here’s What Happened

by · The Markets Daily

Shares of Telenor ASA (OTCMKTS:TELNY – Get Free Report) saw an uptick in trading volume on Tuesday . 56,313 shares changed hands during mid-day trading, an increase of 93% from the previous session’s volume of 29,231 shares.The stock last traded at $14.24 and had previously closed at $14.39.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TELNY shares. Zacks Research downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. New Street Research downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, August 8th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

Check Out Our Latest Report on Telenor ASA

Telenor ASA Stock Performance

The company has a quick ratio of 0.51, a current ratio of 0.52 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $19.53 billion, a price-to-earnings ratio of 19.28 and a beta of 0.38. The stock’s 50-day simple moving average is $15.45 and its 200 day simple moving average is $15.72.

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.

See Also