Telenor ASA (OTCMKTS:TELNY) Sees Unusually-High Trading Volume – Here’s What Happened

Telenor ASA (OTCMKTS:TELNY) saw an uptick in trading volume on Thursday . 42,881 shares were traded during trading, an increase of 46% from the previous session’s volume of 29,439 shares.The stock last traded at $14.04 and had previously closed at $14.22.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Telenor ASA Price Performance

The stock has a market capitalization of $19.50 billion, a PE ratio of 19.26 and a beta of 0.38. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 0.98. The business has a fifty day moving average price of $15.14 and a 200-day moving average price of $15.66.

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.