The share price of ) fell below its 50 day moving average on Wednesday during trading. Stock has a moving average of $11.81 but traded as low at $10.66. Telenor ASA last traded at $10.70 with a volume 26,118 shares.
Analyst Ratings Changes
Recent research has been done by several firms on TELNY. Barclays upgraded shares of Telenor ASA to 'equal' weight in a research report on Tuesday, 18th April. Pareto Securities downgraded Telenor ASA shares from a buy' to a hold' rating on Friday, April 21, in a research report. Citigroup began covering shares of Telenor ASA on Friday in a research report. The company was given a rating of 'neutral.' Nordea Equity Research upgraded shares of Telenor ASA to a buy' rating on Monday, 6th February in a research note. Five analysts at equities firms have given the stock a hold rating, while two others have given it a buy rating. The fifty-day moving average is $11.80, and the two hundred day moving is $10.77. The company has a $14.48 billion market capitalization, a P/E ratio of 2.65, and a beta value of 0.49. The company's current ratio is 0.60, its quick ratio is 0.58, and it has a debt to equity ratio of 1.32.
The last time ) released its earnings was on Thursday, 4th May. The utilities provider posted ($0.04) earnings per share for the quarter. The company generated revenue of $1.88billion during the quarter. Telenor ASA's net margin was 54.22%, and its return on equity was 19.03%. Equities analysts expect Telenor ASA to post 1.76 EPS in the current year.
Telenor ASA increases dividend
A dividend was also announced by the firm, and will be paid out on May 31st. Dividends will be paid to shareholders who were in the record books on Friday, May 12. The previous dividend from Telenor ASA was $0.35. This yield is 5.79%. This dividend will be paid on Thursday, 11th May. The current dividend payout ratio of Telenor ASA is 18.23%.
Telenor ASA - About Telenor ASA
Telenor ASA is a provider of telecommunications services, media and data. Mobile communication, fixed-line communication, and broadcasting are among its products and services. It operates through the following segments: Norway, Sweden, Denmark, DNA-Finland, dtac-Thailand, Digi-Malaysia, Grameenphone-Bangladesh, Pakistan, and Other Units.
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