Telenor ASA (OTCMKTS:TELNY) Sets New 52-Week High – Still a Buy?

Telenor ASA (OTCMKTS:TELNY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $14.22 and last traded at $14.22, with a volume of 16356 shares trading hands. The stock had previously closed at $14.01.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Thursday, January 23rd.

Telenor ASA Stock Down 0.2 %

The firm has a market cap of $19.42 billion, a PE ratio of 10.92 and a beta of 0.54. The stock has a 50-day simple moving average of $12.54 and a two-hundred day simple moving average of $12.19. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.88.

Telenor ASA (OTCMKTS:TELNY) 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%. Analysts expect that Telenor ASA will post 0.79 earnings per share for the current year.

Telenor ASA Company Profile

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.