Shares of Telenor ASA (OTCMKTS:GJNSY) shot up 4.8% during trading on Thursday . The company traded as high as $19.44 and last traded at $19.44, 7,679 shares changed hands during trading. An increase of 247% from the average session volume of 2,210 shares. The stock had previously closed at $18.55.

Separately, Keefe, Bruyette & Woods lowered Telenor ASA from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 3rd.

The firm has a fifty day moving average of $19.80.

Telenor ASA Company Profile (OTCMKTS:GJNSY)

Gjensidige Forsikring ASA operates as a general insurance company in Norway, Denmark, Sweden, Lithuania, Latvia, and Estonia. It operates through General Insurance Private, General Insurance Commercial, General Insurance Denmark, General Insurance Sweden, and Pension segments. The company offers various insurance products, including motor vehicles, property, leisure, and accident and health insurance products, as well as insurance products in the areas of liability, agriculture, coastal and marine/transport, and defined contribution scheme; and life and pet insurance products.

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