Telenor ASA (OTCMKTS:TELNY) Sees Large Volume Increase – Should You Buy?

Shares of Telenor ASA (OTCMKTS:TELNY) saw unusually-high trading volume on Tuesday . Approximately 149,711 shares were traded during trading, an increase of 284% from the previous session’s volume of 38,946 shares.The stock last traded at $18.6370 and had previously closed at $18.77.

Analysts Set New Price Targets

Separately, Pareto Securities raised shares of 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 given a Sell rating to the company’s stock. According to MarketBeat, Telenor ASA currently has an average rating of “Hold”.

Telenor ASA Stock Down 1.3%

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.51 and a current ratio of 0.52. The company has a fifty day moving average of $15.39 and a two-hundred day moving average of $15.68. The company has a market cap of $25.36 billion, a PE ratio of 33.10 and a beta of 0.37.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings data on Friday, February 6th. The utilities provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.07 billion. Telenor ASA had a net margin of 10.15% and a return on equity of 15.72%. As a group, analysts anticipate that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

About Telenor ASA

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.