Shares of Telenor ASA (OTCMKTS:TELNY - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $15.27 and traded as high as $15.54. Telenor ASA shares last traded at $15.54, with a volume of 17,517 shares.
Analyst Upgrades and Downgrades
TELNY has been the subject of a number of research analyst reports. Berenberg Bank lowered Telenor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. Dnb Nor Markets lowered Telenor ASA from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 23rd.
Check Out Our Latest Report on Telenor ASA
Telenor ASA Price Performance
The company has a debt-to-equity ratio of 0.90, a current ratio of 0.62 and a quick ratio of 0.60. The firm has a market cap of $21.26 billion, a PE ratio of 23.91 and a beta of 0.45. The firm has a 50-day simple moving average of $15.27 and a 200 day simple moving average of $13.70.
Telenor ASA (OTCMKTS:TELNY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $19.67 billion. Telenor ASA had a net margin of 12.19% and a return on equity of 13.97%. As a group, equities analysts expect 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. Shareholders of record on Monday, May 26th were given a dividend of $0.299 per share. This represents a yield of 3.81%. The ex-dividend date of this dividend was Friday, May 23rd. Telenor ASA's dividend payout ratio is currently 83.08%.
Telenor ASA Company Profile
(
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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