Telenor ASA (OTCMKTS:TELNY) Sees Large Volume Increase – What’s Next?

Shares of Telenor ASA (OTCMKTS:TELNY) saw an uptick in trading volume on Thursday . 42,881 shares changed hands during trading, an increase of 46% from the previous session’s volume of 29,439 shares.The stock last traded at $14.04 and had previously closed at $14.22.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

Telenor ASA Stock Performance

The business’s 50 day simple moving average is $15.14 and its two-hundred day simple moving average is $15.66. The firm has a market capitalization of $19.50 billion, a PE ratio of 19.26 and a beta of 0.38. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 0.98.

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.