Telenor ASA (OTCMKTS:TELNY) Sets New 12-Month High - Still a Buy?

Key Points

• Telenor ASA shares reached a new 52-week high of $17.32, indicating a positive momentum in stock performance.
• Several analysts have downgraded the stock from a "strong-buy" rating to a "hold", with the current average rating being "Reduce".
• The company reported earnings of $0.21 EPS for the last quarter, missing consensus estimates by $0.01, contributing to concerns about its financial performance.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) shares reached a new 52-week high on Monday . The stock traded as high as $17.32 and last traded at $17.32, with a volume of 219 shares. The stock had previously closed at $17.28.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. New Street Research downgraded shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Friday, August 8th. Berenberg Bank lowered Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Finally, Zacks Research downgraded Telenor ASA from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Reduce".

Telenor ASA Stock Up 0.1%

The stock has a 50 day simple moving average of $16.19 and a 200-day simple moving average of $15.19. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.44 and a quick ratio of 0.42. The firm has a market cap of $22.87 billion, a PE ratio of 22.58 and a beta of 0.42.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last issued its earnings results on Friday, July 18th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $20.02 billion. Telenor ASA had a return on equity of 14.56% and a net margin of 13.67%. Sell-side analysts predict that Telenor ASA will post 0.79 EPS for the current fiscal year.

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.