Short Interest in Telenor ASA (OTCMKTS:TELNY) Drops By 97.5%

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Telenor ASA (OTCMKTS:TELNYGet Rat­ing) was the recip­i­ent of a large decrease in short inter­est dur­ing the month of March. As of March 15th, there was short inter­est totalling 2,200 shares, a decrease of 97.5% from the Feb­ru­ary 28th total of 87,300 shares. Based on an aver­age dai­ly vol­ume of 296,100 shares, the days-to-cov­er ratio is cur­rent­ly 0.0 days. 

Shares of TELNY trad­ed down $0.30 dur­ing trad­ing hours on Fri­day, hit­ting $14.94. The stock had a trad­ing vol­ume of 120,404 shares, com­pared to its aver­age vol­ume of 124,766. The com­pa­ny has a debt-to-equi­ty ratio of 2.83, a cur­rent ratio of 0.71 and a quick ratio of 0.68. Telenor ASA has a 12 month low of $13.98 and a 12 month high of $18.78. The firm has a mar­ket cap­i­tal­iza­tion of $20.91 bil­lion, a PE ratio of 117.24 and a beta of 0.50. The stock has a fifty day mov­ing aver­age price of $15.38 and a 200 day mov­ing aver­age price of $15.81.

Telenor ASA (OTCMKTS:TELNYGet Rat­ing) last released its quar­ter­ly earn­ings data on Wednes­day, Feb­ru­ary 2nd. The util­i­ties provider report­ed $0.09 earn­ings per share for the quar­ter. Telenor ASA had a return on equi­ty of 5.05% and a net mar­gin of 1.33%. The firm had rev­enue of $3.23 bil­lion dur­ing the quar­ter, com­pared to ana­lyst esti­mates of $3.10 bil­lion. As a group, ana­lysts antic­i­pate that Telenor ASA will post 1 EPS for the cur­rent fis­cal year. 

Sev­er­al equi­ties ana­lysts have recent­ly com­ment­ed on TELNY shares. Zacks Invest­ment Research upgrad­ed Telenor ASA from a “strong sell” rat­ing to a “hold” rat­ing in a research report on Tues­day, Feb­ru­ary 1st. UBS Group low­ered Telenor ASA from a “buy” rat­ing to a “neu­tral” rat­ing in a research report on Thurs­day, Feb­ru­ary 24th. One invest­ment ana­lyst has rat­ed the stock with a sell rat­ing and sev­en have assigned a hold rat­ing to the com­pa­ny’s stock. Accord­ing to data from Mar­ket­Beat, the com­pa­ny present­ly has a con­sen­sus rat­ing of “Hold” and an aver­age tar­get price of $91.00.

Telenor ASA Com­pa­ny Pro­file (Get Rat­ing)

Telenor ASA engages in the pro­vi­sion of telecom­mu­ni­ca­tions, data, and media ser­vices. Its prod­ucts and ser­vices includes mobile com­mu­ni­ca­tion, fixed line com­mu­ni­ca­tion, and broad­cast­ing activ­i­ties. It oper­ates through the fol­low­ing seg­ments: Nor­way, Swe­den, Den­mark, dtac-Thailan, Digi-Malaysia, Grameen­phone-Bangladesh, Pak­istan, Myan­mar, Broad­cast, and Oth­er Units.

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This instant news alert was gen­er­at­ed by nar­ra­tive sci­ence tech­nol­o­gy and finan­cial data from Mar­ket­Beat in order to pro­vide read­ers with the fastest and most accu­rate report­ing. This sto­ry was reviewed by Mar­ket­Beat­’s edi­to­r­i­al team pri­or to pub­li­ca­tion. Please send any ques­tions or com­ments about this sto­ry to [email pro­tect­ed]

Should you invest $1,000 in Telenor ASA right now?

Before you con­sid­er Telenor ASA, you’ll want to hear this.

Mar­ket­Beat keeps track of Wall Street’s top-rat­ed and best per­form­ing research ana­lysts and the stocks they rec­om­mend to their clients on a dai­ly basis. Mar­ket­Beat has iden­ti­fied the five stocks that top ana­lysts are qui­et­ly whis­per­ing to their clients to buy now before the broad­er mar­ket catch­es on… and Telenor ASA was­n’t on the list.

While Telenor ASA cur­rent­ly has a “Hold” rat­ing among ana­lysts, top-rat­ed ana­lysts believe these five stocks are bet­ter buys.

View The 5 Stocks Here

 

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