Telenor ASA (OTCMKTS:TELNY) Shares Gap Up – Should You Buy?

Telenor ASA (OTCMKTS:TELNY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $14.67, but opened at $15.8650. Telenor ASA shares last traded at $15.94, with a volume of 4,073 shares traded.

Analyst Upgrades and Downgrades

Separately, Pareto Securities upgraded Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Telenor ASA presently has an average rating of “Hold”.

Telenor ASA Stock Up 8.1%

The company has a market cap of $21.70 billion, a P/E ratio of 21.43 and a beta of 0.38. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.52 and a quick ratio of 0.51. The business’s 50 day moving average price is $14.32 and its 200-day moving average price is $15.47.

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.