Telenor ASA (TELNY) Projected to Post Quarterly Earnings on Wednesday

Telenor ASA (OTCMKTS:TELNY) is projected to announce its results before the market opens on Wednesday, October 29th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $20.4202 billion for the quarter.

Telenor ASA Stock Performance

Telenor ASA stock opened at $16.59 on Tuesday. The stock’s 50-day moving average is $16.60 and its 200-day moving average is $15.72. The company has a market cap of $22.70 billion, a price-to-earnings ratio of 22.42 and a beta of 0.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.44 and a quick ratio of 0.42. Telenor ASA has a 12 month low of $10.55 and a 12 month high of $17.32.

Analyst Ratings Changes

TELNY has been the topic of a number of research reports. New Street Research downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, August 8th. Zacks Research downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

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.