Telenor ASA (TELNY) Projected to Post Earnings on Thursday

Telenor ASA (OTCMKTS:TELNY - Get Free Report) is expected to announce its earnings results on Thursday, July 17th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $20.02 billion for the quarter.

Telenor ASA (OTCMKTS:TELNY - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). Telenor ASA had a return on equity of 13.97% and a net margin of 12.19%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $19.67 billion. On average, analysts expect Telenor ASA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Telenor ASA Stock Performance

Shares of OTCMKTS:TELNY traded down $0.04 during trading on Friday, reaching $15.42. 12,848 shares of the stock were exchanged, compared to its average volume of 35,886. Telenor ASA has a 12 month low of $10.55 and a 12 month high of $15.76. The firm has a market cap of $21.10 billion, a PE ratio of 23.72 and a beta of 0.45. The stock has a 50-day moving average price of $15.28 and a 200-day moving average price of $13.74. 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 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 26th were issued a dividend of $0.299 per share. This represents a dividend yield of 3.81%. The ex-dividend date was Friday, May 23rd. Telenor ASA's dividend payout ratio is presently 103.08%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TELNY shares. Berenberg Bank cut Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. Dnb Nor Markets cut Telenor ASA from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 23rd.

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.