Telenor ASA (OTCMKTS:TELNF) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Telenor ASA (OTCMKTS:TELNFGet Free Report)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $16.34 and traded as low as $16.09. Telenor ASA shares last traded at $16.09, with a volume of 1,500 shares changing hands.

Telenor ASA Stock Down 1.0%

The company’s fifty day moving average price is $16.34 and its 200 day moving average price is $15.41.

Telenor ASA Company Profile

(Get Free Report)

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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