Telenor ASA (OTCMKTS:TELNY) Hits New 1-Year High at $12.50

Telenor ASA (OTCMKTS:TELNY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $12.50 and last traded at $12.43, with a volume of 6937 shares trading hands. The stock had previously closed at $12.33.

Analysts Set New Price Targets

Separately, New Street Research raised Telenor ASA to a “strong-buy” rating in a research report on Monday, July 8th.

Telenor ASA Trading Up 1.6 %

The business has a 50-day moving average price of $11.79 and a 200-day moving average price of $11.53. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $17.35 billion, a P/E ratio of 24.86 and a beta of 0.57.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings results on Thursday, July 18th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter. Telenor ASA had a net margin of 11.36% and a return on equity of 13.55%. The firm had revenue of $1.86 billion for the quarter. Analysts anticipate that Telenor ASA will post 1.29 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.