Telenor ASA (OTCMKTS:TELNY) Sees Strong Trading Volume - Still a Buy?

Key Points

• Telenor ASA shares saw a 43% increase in trading volume, with 73,238 shares changing hands; the stock traded at $13.93 versus a prior close of $14.09.
• Analyst sentiment is mixed, with ratings ranging from strong buy to strong sell. MarketBeat’s overall consensus rating is “Hold.”
• Telenor missed quarterly expectations, reporting $0.21 in EPS versus $0.23 expected and revenue of $1.88 billion versus a $1.91 billion consensus estimate, though it posted a 17.19% net margin and 15.27% return on equity.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) shares saw an uptick in trading volume on Monday . 73,238 shares traded hands during mid-day trading, an increase of 43% from the previous session's volume of 51,285 shares.The stock last traded at $13.93 and had previously closed at $14.09.

Analysts Set New Price Targets

TELNY has been the subject of several research reports. Citigroup downgraded shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 7th. Pareto Securities raised shares of Telenor ASA from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. Zacks Research cut shares of Telenor ASA from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 7th. Finally, Barclays downgraded shares of Telenor ASA from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Telenor ASA Price Performance

The stock has a market cap of $19.09 billion, a PE ratio of 14.23 and a beta of 0.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.30 and a current ratio of 1.32. The business has a 50 day moving average price of $14.71 and a two-hundred day moving average price of $16.39.

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

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.

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