Telenor ASA (OTCMKTS:TELNY) Shares Gap Up – Time to Buy?

Telenor ASA (OTCMKTS:TELNY)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $14.67, but opened at $15.8650. Telenor ASA shares last traded at $15.94, with a volume of 4,073 shares traded.

Analyst Upgrades and Downgrades

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

Telenor ASA Stock Down 0.1%

The firm’s fifty day simple moving average is $14.38 and its 200 day simple moving average is $15.47. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 0.98. The company has a market cap of $21.67 billion, a price-to-earnings ratio of 21.41 and a beta of 0.38.

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.