Telenor ASA - TELNY Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Telenor ASA in the last twelve months. There are currently 1 sell rating and 2 hold 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.
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3 Wall Street research analysts have issued 12 month price objectives for Telenor ASA's shares. Their TELNY share price forecasts range from $110.00 to $162.00. On average, they expect the company's share price to reach $136.00 in the next year. This suggests a possible upside of 1,381.5% from the stock's current price.
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Telenor ASA's stock was trading at $15.68 at the start of the year. Since then, TELNY shares have decreased by 41.5% and is now trading at $9.18.
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Telenor ASA saw a increase in short interest in November. As of November 15th, there was short interest totaling 15,800 shares, an increase of 1,028.6% from the October 31st total of 1,400 shares. Based on an average daily volume of 430,000 shares, the days-to-cover ratio is presently 0.0 days.
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Telenor ASA (OTCMKTS:TELNY) issued its quarterly earnings results on Wednesday, October, 26th. The utilities provider reported $0.10 earnings per share for the quarter. The utilities provider earned $2.85 billion during the quarter. Telenor ASA had a net margin of 6.99% and a trailing twelve-month return on equity of 35.42%.

Telenor ASA declared a dividend on Friday, September 30th. Shareholders of record on Friday, October 7th will be paid a dividend of $0.3491 per share on Wednesday, October 26th. This represents a yield of 8.03%. The ex-dividend date of this dividend is Thursday, October 6th.
Read our dividend analysis for TELNY.

Telenor ASA (OTCMKTS:TELNY) pays an annual dividend of $0.64 per share and currently has a dividend yield of 6.86%. TELNY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 106.67%. 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 101.59% 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 $9.18.

Telenor ASA (OTCMKTS:TELNY) has a market capitalization of $12.85 billion and generates $12.83 billion in revenue each year. The utilities provider earns $177.98 million in net income (profit) each year or $0.60 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.