Telenor ASA (TELNY) to Release Earnings on Thursday

Telenor ASA (OTCMKTS:TELNY - Get Free Report) is expected to be announcing 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 released its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $19.67 billion. Telenor ASA had a net margin of 12.19% and a return on equity of 13.97%. 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 Down 0.3%

Shares of Telenor ASA stock traded down $0.04 on Friday, hitting $15.42. The company had a trading volume of 20,467 shares, compared to its average volume of 14,151. The firm has a market capitalization of $21.10 billion, a P/E ratio of 23.72 and a beta of 0.45. Telenor ASA has a twelve month low of $10.55 and a twelve month high of $15.76. 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 stock has a 50-day moving average of $15.29 and a 200-day moving average of $13.79.

Telenor ASA Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, June 10th. Stockholders of record on Monday, May 26th were issued a $0.299 dividend. This represents a dividend yield of 3.81%. The ex-dividend date was Friday, May 23rd. Telenor ASA's dividend payout ratio (DPR) is presently 83.08%.

Analysts Set New Price Targets

TELNY has been the subject of several research analyst reports. Dnb Nor Markets cut shares of Telenor ASA from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 23rd. Berenberg Bank cut shares of Telenor ASA from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th.

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.