Telenor ASA (OTCMKTS:TELNY) Stock Passes Below 50-Day Moving Average of $12.92

Telenor ASA (OTCMKTS:TELNY – Get Rating)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $12.92 and traded as low as $11.68. Telenor ASA shares last traded at $11.72, with a volume of 41,775 shares trading hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Barclays lifted their price target on shares of Telenor ASA from 120.00 to 125.00 in a research note on Thursday, June 2nd. HSBC downgraded shares of Telenor ASA from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $143.50.

Telenor ASA Stock Down 0.5 %

The company has a market cap of $16.32 billion, a P/E ratio of 11.72 and a beta of 0.39. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 2.20. The business’s 50 day moving average is $12.88 and its 200 day moving average is $14.11.

Telenor ASA (OTCMKTS:TELNY – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The utilities provider reported $0.56 EPS for the quarter. The company had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.99 billion. Telenor ASA had a net margin of 8.01% and a return on equity of 36.30%. As a group, equities analysts anticipate that Telenor ASA will post 0.82 earnings per share for the current fiscal year.

About Telenor ASA

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Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging.