Telenor ASA (OTCMKTS:TELNY) Plans $0.46 Dividend

Telenor ASA (OTCMKTS:TELNY – Get Rating) announced a dividend on Saturday, May 7th, investing.com reports. Stockholders of record on Friday, May 13th will be paid a dividend of 0.4647 per share by the utilities provider on Wednesday, June 1st. This represents a dividend yield of 9.69%. The ex-dividend date of this dividend is Thursday, May 12th.

Shares of TELNY stock opened at $13.73 on Friday. Telenor ASA has a one year low of $13.55 and a one year high of $18.51. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.71 and a quick ratio of 0.68. The stock has a fifty day moving average price of $14.67 and a 200 day moving average price of $15.32. The stock has a market cap of $19.21 billion, a P/E ratio of 14.39 and a beta of 0.48.

Telenor ASA (OTCMKTS:TELNY – Get Rating) last announced its quarterly earnings data on Wednesday, February 2nd. The utilities provider reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Telenor ASA had a net margin of 10.85% and a return on equity of 39.90%. Equities research analysts anticipate that Telenor ASA will post 0.92 EPS for the current year.

A number of equities research analysts have weighed in on the company. UBS Group downgraded Telenor ASA from a “buy” rating to a “neutral” rating in a report on Thursday, February 24th. Barclays decreased their price objective on shares of Telenor ASA from 130.00 to 120.00 in a research note on Friday, April 1st. Finally, Zacks Investment Research downgraded Telenor ASA from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 6th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, Telenor ASA has a consensus rating of “Hold” and a consensus price target of $141.00.

Telenor ASA Company Profile (Get Rating)

Telenor ASA, together with its subsidiaries, operates as a telecommunication company worldwide. Its principal products and services include mobile communication, fixed line communication, and broadcasting services. The company's mobile communication services comprise voice, data, Internet, and content services, as well as customer equipment and messaging.

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