Telenor ASA (TELNY) Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Telenor ASA in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TELNY shares.
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Telenor ASA's stock was trading at $9.2875 on January 1st, 2023. Since then, TELNY shares have increased by 23.7% and is now trading at $11.49.
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Telenor ASA saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 63,100 shares, an increase of 43.7% from the August 15th total of 43,900 shares. Based on an average daily volume of 92,400 shares, the days-to-cover ratio is presently 0.7 days.
View Telenor ASA's Short Interest.

Telenor ASA (OTCMKTS:TELNY) issued its quarterly earnings results on Thursday, July, 20th. The utilities provider reported $0.07 earnings per share for the quarter. The utilities provider had revenue of $1.89 billion for the quarter. Telenor ASA had a trailing twelve-month return on equity of 9.84% and a net margin of 62.88%.

Telenor ASA announced a dividend on Wednesday, September 20th. Investors of record on Friday, October 20th will be paid a dividend of $0.4084 per share on Tuesday, November 7th. The ex-dividend date of this dividend is Thursday, October 19th. This is a boost from the stock's previous dividend of $0.38.
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 6.32%. TELNY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 17.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, TELNY will have a dividend payout ratio of 101.41% 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.
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One share of TELNY stock can currently be purchased for approximately $11.49.

The company employs 14,000 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.