Telenor ASA (OTCMKTS:TELNY) Announces Earnings Results

Telenor ASA (OTCMKTS:TELNY) issued its quarterly earnings results on Thursday. The utilities provider reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01), Zacks reports. Telenor ASA had a return on equity of 14.50% and a net margin of 12.38%.

Telenor ASA Trading Down 0.4 %

Shares of Telenor ASA stock traded down $0.04 during trading on Thursday, reaching $12.33. The company’s stock had a trading volume of 12,491 shares, compared to its average volume of 38,036. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.96. Telenor ASA has a 52-week low of $10.55 and a 52-week high of $13.12. The firm’s 50-day moving average is $11.50 and its two-hundred day moving average is $11.95. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 18.40 and a beta of 0.59.

Analysts Set New Price Targets

TELNY has been the subject of several research reports. Barclays lowered shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Sanford C. Bernstein upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 23rd.

Telenor ASA Company Profile

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. It operates through four segments: Nordics, Asia, Infrastructure, and Amp. The company offers mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to residential and business customers, as well as wholesale services.