Telenor ASA (OTCMKTS:TELNY) Shares Gap Down - What's Next?

Key Points

• Telenor shares gapped down Monday, opening at $16.92 after a $17.89 close and last trading at $16.91 on light volume (3,287 shares).
• Pareto Securities upgraded the stock to a strong‑buy, but the Street consensus remains a Hold (1 Strong Buy, 3 Hold, 1 Sell).
• Telenor missed quarterly estimates with EPS $0.22 vs. $0.24 expected and revenue $2.03B vs. $2.07B, while its market cap is $23.4B and P/E is 30.54.

Telenor ASA (OTCMKTS:TELNY - Get Free Report)'s stock price gapped down before the market opened on Monday . The stock had previously closed at $17.89, but opened at $16.92. Telenor ASA shares last traded at $16.91, with a volume of 3,287 shares traded.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities upgraded Telenor ASA from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 19th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Telenor ASA Trading Down 1.0%

The firm has a market capitalization of $23.40 billion, a P/E ratio of 30.54 and a beta of 0.36. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 0.98. The firm has a 50 day moving average of $17.13 and a 200-day moving average of $15.98.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last posted its quarterly earnings data on Friday, February 6th. The utilities provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($0.02). The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.07 billion. Telenor ASA had a return on equity of 15.52% and a net margin of 10.15%. On average, equities research analysts predict that Telenor ASA will post 0.79 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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