Telenor ASA (OTCMKTS:TELNY) Hits New 52-Week Low – Here’s Why

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

Analyst Upgrades and Downgrades

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

Telenor ASA Stock Down 1.9 %

The firm has a 50 day moving average of $11.77 and a two-hundred day moving average of $11.93. The stock has a market capitalization of $14.71 billion, a PE ratio of 16.04 and a beta of 0.57. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.96.

Telenor ASA (OTCMKTS:TELNY) last posted its earnings results on Wednesday, October 30th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter. Telenor ASA had a return on equity of 14.50% and a net margin of 12.38%. The firm had revenue of $1.87 billion for the quarter. Equities research analysts anticipate that Telenor ASA will post 1.29 earnings per share for the current 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.