Telenor ASA (OTCMKTS:TELNY) Reaches New 52-Week High – Here’s Why
by Teresa Graham · The Cerbat GemTelenor ASA (OTCMKTS:TELNY – Get Free Report) hit a new 52-week high on Friday . The company traded as high as $17.96 and last traded at $17.96, with a volume of 3668 shares trading hands. The stock had previously closed at $16.67.
Analyst Upgrades and Downgrades
Separately, Pareto Securities raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Research Report on TELNY
Telenor ASA Trading Up 7.6%
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 company’s fifty day moving average price is $14.81 and its two-hundred day moving average price is $15.54. The firm has a market cap of $24.54 billion, a PE ratio of 24.24 and a beta of 0.38.
Telenor ASA Company Profile
Telenor ASA is a Norway-based multinational telecommunications company that provides a broad range of communications and digital services to consumers and businesses. Its core offerings include mobile voice and data services, fixed broadband, television distribution, and related value-added digital services. The company also provides enterprise solutions such as business connectivity, cloud and hosting services, Internet of Things (IoT) connectivity, and wholesale telecommunications services.
In its consumer-facing business, Telenor operates mobile networks, broadband access and content services, and increasingly bundles digital and financial services to enhance customer engagement.