Telenor ASA (OTCMKTS:TELNY) Stock Passes Above 50-Day Moving Average – Should You Sell?

Telenor ASA (OTCMKTS:TELNY) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.75 and traded as high as $12.79. Telenor ASA shares last traded at $12.67, with a volume of 5,481 shares changing hands.

Analysts Set New Price Targets

TELNY has been the topic of a number of research reports. Sanford C. Bernstein raised shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

Telenor ASA Stock Up 0.5 %

The company has a debt-to-equity ratio of 0.88, a current ratio of 0.60 and a quick ratio of 0.58. The firm has a 50-day moving average of $11.75 and a 200 day moving average of $12.02. The stock has a market capitalization of $17.34 billion, a price-to-earnings ratio of 9.75 and a beta of 0.59.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings data on Thursday, February 6th. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. As a group, sell-side analysts forecast that Telenor ASA will post 0.79 earnings per share 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.