Norway's Telenor ASA is good investment in the telecommunications industry

Telenor ASA is a Norwegian multinational telecommunications company headquartered at Fornebu in Bærum. This is close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide. It is focused on Scandinavia, Eastern Europe and Asia. It has extensive broadband and TV distribution operations in 4 Nordic countries. It has a 10-year-old research and business line for Machine-to-Machine technology. Telenor owns networks in 13 countries, and has operations in 29 countries. Telenor is listed on the Oslo Stock Exchange. The company had a market capitalization in November 2015 of kr 225 billion. This made it the third largest company listed on the OSE after DNB and Equinor. The operating income‎ was ‎NOK 46.50 billion in 2016. The Net income‎ was ‎NOK 2.80 billion in 2016. The number of employees‎ is ‎35,121 (in 2014).

The stock of Telenor ASA (OTC:TELNY) is interesting to watch. The stock has RSI of 48.8. RSI gives an indication of the impending reversals or reaction in price of a security. RSI moves in the range of 0 and 100. An RSI of 0 means that the stock price has fallen in all 14 trading days. An RSI of 100 means that the stock price has risen in all 14 trading days. In technical analysis, an RSI of above 70 is considered an overbought. An RSI of less than 30 is considered as an oversold area.

Telenor ASA (OTC:TELNY) stock average trading capacity stands with 89.787k shares and relative volume is now at 1.73 ×. Think about the Telenor ASA (OTC:TELNY) stock price movements in past 50 Days period and 52-Week period. Telenor ASA stock had a 12-month low at $13 -18.49% and a 12-month high of $22 +43.96%. The highs and lows play an important role in determination of the predicted future prices of the stock.

The Telenor ASA (OTC:TELNY) stock showed volatility or average true range percent (ATRP 14) at 0.0477%. Volatility is a rate at which the price of a security increases or decreases for a given set of returns. Average true range percent (ATRP) measures volatility on a relative level. This is opposed to the ATR, which measures volatility on an absolute level. ATRP allows securities to be compared whereas ATR does not. That means lower-priced stocks won’t necessarily have lower ATR values than higher priced stocks.

Think about the impact that the Coronavirus Covid-19 Pandemic had on stock investments. At this time, Norway has 182 deaths from the virus. Sweden has 1,765 deaths from the virus. Sweden has nearly 10 times the number of COVID-19-related deaths than its Nordic neighbors. Norway has half as many people as Sweden. Finland had 141 deaths. Finland has a population similar to Norway's.

Sweden had a controversial coronavirus strategy. The country has left schools, restaurants, and gyms open. The government banned gatherings over 50 people and urged residents to self-isolate.

Sweden's Nordic neighbors Norway and Finland approached the virus differently. This could be why they're having just a fraction of COVID-19-related deaths.

Norway went into lockdown in mid-March, closing schools, restaurants, cultural events, gyms, and tourist attractions. It also banned outside travelers. Finland has been stockpiling medical supplies since the Cold War. It restricted border traffic, banned gatherings of 10 or more people, and closed schools as part of its coronavirus guidelines.

The history of the huge Telenor ASA is interesting. The company was founded‎ in ‎1855. It started as a state-operated monopoly provider of telegraph services named Telegrafverket. The first Norwegian planning for a telegraph was launched within the Royal Norwegian Navy in 1848. However, by 1852, the plans were public and the Parliament of Norway decided on a plan for constructing a telegraph system throughout the country. Televerket began by connecting Christiania (now Oslo) to Sweden (Norway was at that time in a union with Sweden) as well as Christiania and Drammen. By 1857 the telegraph had reached Bergen on the west coast via Sørlandet on the south coast, and by 1871 it had reached Kirkenes on the far north coast. With greater expansions, Cable connections were opened to Denmark in 1867 and to Great Britain in 1869. The telegraph was certainly a useful tool for merchants. They could use the electric telegraph to instantly communicate between different locations.