Telenor ASA (OTCMKTS:TELNY) Reaches New 1-Year Low – Here’s Why

Telenor ASA (OTCMKTS:TELNY) shares reached a new 52-week low on Tuesday . The stock traded as low as $10.55 and last traded at $10.75, with a volume of 58975 shares traded. The stock had previously closed at $10.96.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th.

Telenor ASA Price Performance

The business has a 50 day simple moving average of $11.71 and a 200-day simple moving average of $11.92. The company has a market capitalization of $14.71 billion, a P/E ratio of 16.04 and a beta of 0.57. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.96.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.21 earnings per share for the quarter. Telenor ASA had a net margin of 12.38% and a return on equity of 14.50%. The firm had revenue of $1.87 billion for the quarter. Analysts predict that Telenor ASA will post 1.29 EPS for the current fiscal year.

About Telenor ASA

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.