Telenor ASA (OTCMKTS:TELNF) Shares Pass Below 50 Day Moving Average – Here’s What Happened

Telenor ASA (OTCMKTS:TELNF) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $12.32 and traded as low as $11.86. Telenor ASA shares last traded at $11.86, with a volume of 2,200 shares trading hands.

Telenor ASA Price Performance

The stock has a fifty day simple moving average of $12.34 and a 200 day simple moving average of $11.81.

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.