Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY - Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 19,000 shares, an increase of 287.8% from the September 15th total of 4,900 shares. Based on an average trading volume of 30,600 shares, the days-to-cover ratio is currently 0.6 days. Based on an average trading volume of 30,600 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TELNY. Berenberg Bank lowered Telenor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Zacks Research lowered Telenor ASA from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 12th. Finally, New Street Research lowered Telenor ASA from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 8th. Five investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Telenor ASA currently has an average rating of "Reduce".

Telenor ASA Price Performance

TELNY stock opened at $16.50 on Friday. The firm has a 50 day moving average price of $16.55 and a 200-day moving average price of $15.56. Telenor ASA has a 52-week low of $10.55 and a 52-week high of $17.32. The firm has a market capitalization of $22.57 billion, a price-to-earnings ratio of 22.29 and a beta of 0.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.42 and a current ratio of 0.44.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last released 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). Telenor ASA had a net margin of 13.67% and a return on equity of 14.56%. The business had revenue of $1.97 billion for the quarter, compared to analysts' expectations of $20.02 billion. Equities research analysts forecast that Telenor ASA will post 0.79 EPS for the current fiscal year.

About Telenor ASA

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.

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