Telenor ASA (OTCMKTS:TELNY) Sees Unusually-High Trading Volume – Should You Buy?

Telenor ASA (OTCMKTS:TELNY) shares saw an uptick in trading volume on Friday . Approximately 96,768 shares were traded during trading, an increase of 100% from the previous session’s volume of 48,343 shares.The stock last traded at $13.74 and had previously closed at $13.70.

Analyst Upgrades and Downgrades

TELNY has been the topic of a number of research analyst reports. Barclays downgraded Telenor ASA from an “equal weight” rating to an “underweight” rating in a report on Tuesday, June 23rd. Pareto Securities raised Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Zacks Research downgraded Telenor ASA from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. Finally, Citigroup lowered Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Telenor ASA Stock Performance

The company has a market cap of $18.73 billion, a price-to-earnings ratio of 13.96 and a beta of 0.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.69 and a current ratio of 0.71. The company has a fifty day moving average of $15.36 and a two-hundred day moving average of $16.42.

Telenor ASA (OTCMKTS:TELNY) last issued its earnings results on Thursday, July 16th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.91 billion. Telenor ASA had a return on equity of 15.75% and a net margin of 17.19%. Equities research analysts anticipate that Telenor ASA will post 0.93 EPS for the current year.

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.