Telenor ASA (OTCMKTS:TELNY) Reaches New 1-Year Low – Time to Sell?

Telenor ASA (OTCMKTS:TELNY)’s stock price hit a new 52-week low during trading on Friday. The stock traded as low as $12.97 and last traded at $13.08, with a volume of 28353 shares. The stock had previously closed at $13.25.

Analyst Ratings Changes

Several analysts have issued reports on TELNY shares. Pareto Securities raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Kepler Capital Markets upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 24th. Barclays cut shares of Telenor ASA from an “equal weight” rating to an “underweight” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 4th. Finally, Zacks Research upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 1st. Three equities research analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Telenor ASA Trading Down 0.7%

The firm’s fifty day simple moving average is $14.09 and its 200 day simple moving average is $15.33. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.30 and a current ratio of 1.32. The stock has a market capitalization of $18.00 billion, a P/E ratio of 13.42 and a beta of 0.31.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings data 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). Telenor ASA had a net margin of 17.19% and a return on equity of 15.27%. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.91 billion. As a group, equities research analysts forecast that Telenor ASA will post 0.93 EPS for the current fiscal year.

Telenor ASA Company Profile

Telenor ASA is a Norwegian telecommunications company that provides mobile and fixed-line communications services, broadband, television, and related digital services. Its offerings serve consumer and business customers and include mobile voice and data, fiber and wireless broadband, connectivity, Internet of Things solutions, and other communications services.

Headquartered in Fornebu, Norway, Telenor operates primarily in the Nordic region and has established partnerships and investments in telecommunications businesses in parts of Asia.