Telenor ASA (OTCMKTS:TELNY) Short Interest Update

by · The Cerbat Gem

Telenor ASA (OTCMKTS:TELNY – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totaling 5,400 shares, adecreaseof29.9% from the July 31st total of 7,700 shares. Based on an average trading volume of 23,300 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 23,300 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

TELNY has been the subject of a number of analyst reports. Berenberg Bank downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 26th. New Street Research downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 8th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Telenor ASA currently has a consensus rating of “Reduce”.

Get Our Latest Stock Analysis on TELNY

Telenor ASA Stock Down 0.0%

TELNY opened at $16.72 on Tuesday. Telenor ASA has a twelve month low of $10.55 and a twelve month high of $16.87. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average price of $15.94 and a 200 day moving average price of $14.99. The company has a market cap of $22.87 billion, a PE ratio of 22.59 and a beta of 0.42.

Telenor ASA (OTCMKTS:TELNY – Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Telenor ASA had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $20.02 billion. Sell-side analysts expect that Telenor ASA will post 0.79 earnings per share 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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