Telenor ASA (OTCMKTS:TELNY) Announces $0.30 Dividend

Telenor ASA (OTCMKTS:TELNY) announced a dividend on Tuesday, May 20th, investing.com reports. Shareholders of record on Monday, May 26th will be given a dividend of 0.299 per share by the utilities provider on Tuesday, June 10th. This represents a yield of 3.81%. The ex-dividend date of this dividend is Friday, May 23rd.

Telenor ASA Stock Performance

Shares of TELNY opened at $15.10 on Tuesday. Telenor ASA has a one year low of $10.55 and a one year high of $15.66. The stock has a 50-day moving average of $14.26 and a two-hundred day moving average of $12.77. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.58 and a current ratio of 0.60. The stock has a market cap of $20.66 billion, a P/E ratio of 11.62 and a beta of 0.44.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). Telenor ASA had a net margin of 24.17% and a return on equity of 16.15%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $19.67 billion. As a group, research analysts predict that Telenor ASA will post 0.79 EPS for the current year.

Wall Street Analyst Weigh In

TELNY has been the topic of several research reports. Sanford C. Bernstein raised shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Dnb Nor Markets downgraded shares of Telenor ASA from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 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.