Telenor ASA (OTCMKTS:TELNY) Issues Earnings Results

Key Points

• Q1 EPS beat: Telenor reported EPS of $0.23 versus the $0.21 consensus, with a net margin of 10.15% and return on equity of 15.52%.
• Shares opened at $17.39 (down 1.1%), with a market cap of $23.8 billion, a P/E of 31.05 and a 52-week range of $13.79–$18.92; the 50- and 200-day moving averages are $17.67 and $16.10, respectively.
• Analyst view: Pareto Securities downgraded Telenor from "strong-buy" to "hold," and the stock carries a consensus rating of "Hold" from analysts.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) posted its quarterly earnings results on Tuesday. The utilities provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.21 by $0.02, Zacks reports. Telenor ASA had a net margin of 10.15% and a return on equity of 15.52%.

Telenor ASA Trading Down 1.1%

Shares of OTCMKTS TELNY opened at $17.39 on Tuesday. Telenor ASA has a 1-year low of $13.79 and a 1-year high of $18.92. The business has a fifty day moving average price of $17.67 and a 200 day moving average price of $16.10. The stock has a market capitalization of $23.80 billion, a P/E ratio of 31.05 and a beta of 0.36. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.71 and a quick ratio of 0.69.

Analyst Upgrades and Downgrades

Separately, Pareto Securities downgraded shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 10th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Telenor ASA has a consensus rating of "Hold".

Telenor ASA Company Profile

Telenor ASA is a Norway-based multinational telecommunications company that provides a broad range of communications and digital services to consumers and businesses. Its core offerings include mobile voice and data services, fixed broadband, television distribution, and related value-added digital services. The company also provides enterprise solutions such as business connectivity, cloud and hosting services, Internet of Things (IoT) connectivity, and wholesale telecommunications services.

In its consumer-facing business, Telenor operates mobile networks, broadband access and content services, and increasingly bundles digital and financial services to enhance customer engagement.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.