Telenor ASA (OTCMKTS:TELNY - Get Free Report) issued its quarterly earnings data on Friday. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01), Zacks reports. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $20.02 billion. Telenor ASA had a return on equity of 14.25% and a net margin of 13.67%.
Telenor ASA Stock Performance
TELNY traded down $0.29 during trading on Monday, hitting $15.71. 6,758 shares of the company traded hands, compared to its average volume of 35,057. The firm has a market cap of $21.50 billion, a P/E ratio of 21.23 and a beta of 0.45. The stock's fifty day moving average is $15.33 and its 200 day moving average is $13.96. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 0.90. Telenor ASA has a one year low of $10.55 and a one year high of $16.14.
Telenor ASA Cuts Dividend
The company also recently announced a dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 26th were issued a $0.299 dividend. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 3.81%. Telenor ASA's dividend payout ratio is currently 90.54%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on TELNY shares. Dnb Nor Markets cut shares of Telenor ASA from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 23rd. Berenberg Bank lowered shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th.
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About Telenor ASA
(
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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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