Telenor ASA (OTCMKTS:TELNY - Get Free Report) shares hit a new 52-week high during trading on Friday . The company traded as high as $16.10 and last traded at $16.07, with a volume of 7195 shares changing hands. The stock had previously closed at $15.68.
Analyst Upgrades and Downgrades
TELNY has been the topic of several research reports. Dnb Nor Markets lowered shares of Telenor ASA from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 23rd. Berenberg Bank lowered Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th.
Check Out Our Latest Research Report on TELNY
Telenor ASA Stock Up 2.0%
The company has a market capitalization of $21.89 billion, a PE ratio of 21.62 and a beta of 0.45. The stock's fifty day moving average is $15.33 and its two-hundred day moving average is $13.95. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 0.90.
Telenor ASA (OTCMKTS:TELNY - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The utilities provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Telenor ASA had a net margin of 13.67% and a return on equity of 14.25%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $20.02 billion. As a group, analysts predict that Telenor ASA will post 0.79 EPS for the current year.
Telenor ASA Cuts Dividend
The company also recently disclosed a dividend, which was paid on Tuesday, June 10th. Investors of record on Monday, May 26th were paid a dividend of $0.299 per share. The ex-dividend date was Friday, May 23rd. This represents a yield of 3.81%. Telenor ASA's dividend payout ratio is currently 90.54%.
About Telenor ASA
(
Get Free Report)
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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