Telenor ASA - TELNY Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telenor ASA in the last twelve months. There are currently 1 sell rating and 4 hold ratings for the stock. The consensus among Wall Street 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.
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5 equities research analysts have issued 12 month price objectives for Telenor ASA's stock. Their TELNY share price forecasts range from $125.00 to $162.00. On average, they anticipate the company's stock price to reach $143.50 in the next year. This suggests a possible upside of 1,107.9% from the stock's current price.
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Telenor ASA's stock was trading at $15.68 at the beginning of 2022. Since then, TELNY shares have decreased by 24.2% and is now trading at $11.8799.
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Telenor ASA saw a decrease in short interest during the month of July. As of July 31st, there was short interest totaling 9,500 shares, a decrease of 73.0% from the July 15th total of 35,200 shares. Based on an average daily trading volume, of 400,900 shares, the short-interest ratio is presently 0.0 days.
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Telenor ASA (OTCMKTS:TELNY) posted its earnings results on Wednesday, October, 21st. The utilities provider reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.28 by $0.07. The utilities provider earned $3.29 billion during the quarter. Telenor ASA had a trailing twelve-month return on equity of 38.82% and a net margin of 8.01%.

Telenor ASA declared a dividend on Saturday, May 7th. Shareholders of record on Friday, May 13th will be paid a dividend of $0.4647 per share on Wednesday, June 1st. This represents a yield of 9.69%. The ex-dividend date of this dividend is Thursday, May 12th.
Read our dividend analysis for TELNY.

Telenor ASA (OTCMKTS:TELNY) pays an annual dividend of $0.74 per share and currently has a dividend yield of 6.27%. TELNY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 104.23%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, TELNY will have a dividend payout ratio of 84.09% 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 $11.88.

Telenor ASA (OTCMKTS:TELNY) has a market capitalization of $16.63 billion and generates $12.83 billion in revenue each year. The utilities provider earns $177.98 million in net income (profit) each year or $0.71 on an earnings per share basis.

The company employs 16,000 workers across the globe.

Telenor ASA was founded in 1855.

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.