Telenor ASA (TELNY) to Post Quarterly Earnings on Thursday

Key Points

• Telenor ASA is scheduled to report quarterly earnings on Thursday, July 16, with analysts expecting $0.23 per share on $1.9219 billion in revenue.
• The company’s most recent quarter beat expectations, posting $0.23 EPS versus the $0.21 consensus and revenue of $1.95 billion, slightly above estimates.
• Analyst sentiment has softened, with recent downgrades leaving the stock at an average rating of “Reduce” and shares trading below their 50-day and 200-day moving averages.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) is projected to release its resultson Thursday, July 16th. Analysts expect Telenor ASA to post earnings of $0.23 per share and revenue of $1.9219 billion for the quarter.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. Telenor ASA had a net margin of 18.28% and a return on equity of 16.31%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. On average, analysts expect Telenor ASA to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Telenor ASA Stock Performance

Shares of Telenor ASA stock opened at $14.75 on Thursday. The business's 50 day moving average price is $15.89 and its 200 day moving average price is $16.43. The company has a market cap of $20.18 billion, a price-to-earnings ratio of 14.18 and a beta of 0.31. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.69 and a current ratio of 0.71. Telenor ASA has a one year low of $13.79 and a one year high of $18.92.

Analyst Ratings Changes

A number of analysts have issued reports on TELNY shares. Citigroup downgraded Telenor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 7th. Barclays lowered shares of Telenor ASA from an "equal weight" rating to an "underweight" rating in a report on Tuesday, June 23rd. Zacks Research upgraded shares of Telenor ASA from a "strong sell" rating to a "hold" rating in a research report on Wednesday, May 27th. Finally, 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 and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Reduce".

About Telenor ASA

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.

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