Shares of Telenor ASA (OTCMKTS:TELNY - Get Free Report) saw strong trading volume on Tuesday . 31,064 shares were traded during mid-day trading, a decline of 14% from the previous session's volume of 36,297 shares.The stock last traded at $15.37 and had previously closed at $15.41.
Wall Street Analyst Weigh In
Several research analysts have weighed in on TELNY shares. Berenberg Bank lowered Telenor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. Dnb Nor Markets downgraded shares of Telenor ASA from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 23rd.
Get Our Latest Stock Report on TELNY
Telenor ASA Stock Down 0.3%
The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.90. The firm's 50 day moving average price is $15.29 and its two-hundred day moving average price is $13.77. The company has a market capitalization of $21.10 billion, a price-to-earnings ratio of 23.72 and a beta of 0.45.
Telenor ASA (OTCMKTS:TELNY - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $19.67 billion. Telenor ASA had a return on equity of 13.97% and a net margin of 12.19%. Sell-side analysts anticipate that Telenor ASA will post 0.79 earnings per share for the current fiscal year.
Telenor ASA Cuts Dividend
The firm also recently declared a dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 26th were paid a $0.299 dividend. This represents a yield of 3.81%. The ex-dividend date was Friday, May 23rd. Telenor ASA's dividend payout ratio (DPR) is presently 103.08%.
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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