Telenor ASA (OTCMKTS:TELNY - Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 9,000 shares, a growth of 190.3% from the March 15th total of 3,100 shares. Based on an average trading volume of 62,800 shares, the short-interest ratio is currently 0.1 days.
Telenor ASA Trading Up 0.5 %
Shares of OTCMKTS TELNY traded up $0.06 during trading on Thursday, hitting $11.19. 26,890 shares of the company traded hands, compared to its average volume of 29,858. Telenor ASA has a 1 year low of $9.89 and a 1 year high of $12.63. The company has a 50-day moving average price of $10.99 and a 200-day moving average price of $11.02. The firm has a market capitalization of $15.66 billion, a P/E ratio of 11.25 and a beta of 0.54. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 1.09.
Telenor ASA (OTCMKTS:TELNY - Get Free Report) last posted its earnings results on Wednesday, February 7th. The utilities provider reported $0.04 earnings per share for the quarter. The business had revenue of $1.94 billion for the quarter. Telenor ASA had a net margin of 18.03% and a return on equity of 4.19%. On average, equities analysts predict that Telenor ASA will post 1.39 EPS for the current year.
Telenor ASA Increases Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Friday, May 10th will be issued a $0.4724 dividend. The ex-dividend date is Thursday, May 9th. This is a positive change from Telenor ASA's previous dividend of $0.41. Telenor ASA's payout ratio is currently 64.65%.
Telenor ASA Company Profile
(
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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.
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