Telenor ASA (TELNY) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Telenor ASA in the last twelve months. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TELNY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TELNY, but not buy additional shares or sell existing shares.
View TELNY analyst ratings or view top-rated stocks.

7 Wall Street research analysts have issued 12 month price targets for Telenor ASA's shares. Their TELNY share price forecasts range from $110.00 to $110.00. On average, they anticipate the company's stock price to reach $110.00 in the next twelve months. This suggests a possible upside of 963.4% from the stock's current price.
View analysts price targets for TELNY or view top-rated stocks among Wall Street analysts.

Telenor ASA's stock was trading at $9.2875 at the start of the year. Since then, TELNY shares have increased by 11.4% and is now trading at $10.3440.
View the best growth stocks for 2023 here.

Telenor ASA saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 25,100 shares, an increase of 79.3% from the April 30th total of 14,000 shares. Based on an average daily trading volume, of 50,400 shares, the days-to-cover ratio is presently 0.5 days.
View Telenor ASA's Short Interest.

Telenor ASA (OTCMKTS:TELNY) announced its earnings results on Thursday, May, 4th. The utilities provider reported ($0.04) earnings per share for the quarter. The utilities provider earned $1.88 billion during the quarter. Telenor ASA had a trailing twelve-month return on equity of 19.03% and a net margin of 54.22%.

Telenor ASA announced a dividend on Saturday, May 6th. Stockholders of record on Friday, May 12th will be given a dividend of $0.3814 per share on Wednesday, May 31st. This represents a yield of 5.79%. The ex-dividend date is Thursday, May 11th. This is a positive change from the stock's previous dividend of $0.35.
Read our dividend analysis for TELNY.

Telenor ASA (OTCMKTS:TELNY) pays an annual dividend of $0.72 per share and currently has a dividend yield of 6.98%. TELNY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 18.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, TELNY will have a dividend payout ratio of 100.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for TELNY.

Telenor ASA trades on the OTCMKTS under the ticker symbol "TELNY."

Shares of TELNY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of TELNY stock can currently be purchased for approximately $10.34.

Telenor ASA (OTCMKTS:TELNY) has a market capitalization of $14.48 billion and generates $10.33 billion in revenue each year. The utilities provider earns $4.69 billion in net income (profit) each year or $3.95 on an earnings per share basis.

The company employs 16,000 workers across the globe.

Telenor ASA's mailing address is Snaroyveien 30, Fornebu Q8, N-1360. The official website for the company is www.telenor.com. The utilities provider can be reached via phone at (476) 789-0000 or via email at ir@telenor.com.