Telenor ASA (OTCMKTS:TELNY) Hits New 12-Month Low - Should You Sell?

Key Points

• Telenor ASA shares hit a new 52-week low, falling to $12.97 before last trading at $13.30, below the prior close of $13.11.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating; three analysts rate the stock a Strong Buy, while one rates it a Sell.
• The company’s latest quarterly results missed expectations, reporting $0.21 in earnings per share versus $0.23 expected and revenue of $1.88 billion versus $1.91 billion forecast.

Telenor ASA (OTCMKTS:TELNY - Get Free Report)'s share price hit a new 52-week low on Thursday. The stock traded as low as $12.97 and last traded at $13.30, with a volume of 71,679 shares changing hands. The stock had previously closed at $13.11.

Wall Street Analysts Forecast Growth

TELNY has been the topic of several recent analyst reports. Kepler Capital Markets raised shares of Telenor ASA from a "hold" rating to a "strong-buy" rating in a report on Thursday, September 24th. Berenberg Bank upgraded shares of Telenor ASA from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 1st. Pareto Securities upgraded shares of Telenor ASA from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. Barclays downgraded Telenor ASA from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, June 23rd. Finally, The Goldman Sachs Group lowered Telenor ASA from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 4th. Three investment analysts have rated the stock with a Strong Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Telenor ASA Price Performance

The company has a current ratio of 1.32, a quick ratio of 1.30 and a debt-to-equity ratio of 1.06. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 13.57 and a beta of 0.31. The stock has a 50-day moving average of $14.02 and a two-hundred day moving average of $15.22.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last posted its quarterly earnings data on Thursday, July 16th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The firm had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.91 billion. Telenor ASA had a return on equity of 15.27% and a net margin of 17.19%. On average, analysts anticipate that Telenor ASA will post 0.93 EPS for the current year.

About Telenor ASA

Telenor ASA is a Norwegian telecommunications company that provides mobile and fixed-line communications services, broadband, television, and related digital services. Its offerings serve consumer and business customers and include mobile voice and data, fiber and wireless broadband, connectivity, Internet of Things solutions, and other communications services.

Headquartered in Fornebu, Norway, Telenor operates primarily in the Nordic region and has established partnerships and investments in telecommunications businesses in parts of Asia.

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