Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNY) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 54,700 shares, a decline of 82.5% from the February 28th total of 311,900 shares. Based on an average trading volume of 46,300 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Sanford C. Bernstein upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Thursday, January 23rd.

Telenor ASA Stock Up 0.8 %

Shares of TELNY traded up $0.12 during mid-day trading on Friday, hitting $14.34. 10,575 shares of the company’s stock were exchanged, compared to its average volume of 36,305. The stock has a market cap of $19.62 billion, a price-to-earnings ratio of 11.03 and a beta of 0.54. The firm has a fifty day moving average of $12.94 and a two-hundred day moving average of $12.28. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.88. Telenor ASA has a twelve month low of $10.55 and a twelve month high of $14.34.

Telenor ASA (OTCMKTS:TELNY) last posted its earnings results on Thursday, February 6th. The utilities provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Telenor ASA had a return on equity of 16.15% and a net margin of 24.17%. On average, sell-side analysts forecast that Telenor ASA will post 0.79 earnings per share for the current year.

Telenor ASA Company Profile

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.