Telenor ASA (OTCMKTS:TELNY) Share Price Passes Above 50 Day Moving Average - Should You Sell?

Shares of Telenor ASA (OTCMKTS:TELNY - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $14.24 and traded as high as $15.00. Telenor ASA shares last traded at $15.00, with a volume of 183,942 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TELNY. Sanford C. Bernstein upgraded Telenor ASA from a "strong sell" rating to a "hold" rating in a report on Thursday, January 23rd. Dnb Nor Markets cut Telenor ASA from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 23rd.

Telenor ASA Trading Up 1.4%

The firm has a market capitalization of $21.37 billion, a price-to-earnings ratio of 12.02 and a beta of 0.44. The company has a fifty day moving average price of $14.33 and a two-hundred day moving average price of $12.81. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt-to-equity ratio of 0.88.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $19.67 billion. As a group, research analysts forecast that Telenor ASA will post 0.79 earnings per share for the current fiscal year.

Telenor ASA Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, June 10th. Investors of record on Monday, May 26th will be issued a $0.299 dividend. This represents a yield of 3.81%. The ex-dividend date of this dividend is Friday, May 23rd. Telenor ASA's dividend payout ratio is presently 90.77%.

Telenor ASA Company Profile

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.