Telenor ASA (OTCMKTS:TELNY) Short Interest Update

Telenor ASA (OTCMKTS:TELNYGet Rating) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 41,700 shares, a growth of 112.8% from the April 15th total of 19,600 shares. Based on an average trading volume of 261,800 shares, the short-interest ratio is currently 0.2 days.

Several analysts have weighed in on TELNY shares. UBS Group downgraded Telenor ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, February 24th. Barclays cut their target price on Telenor ASA from 130.00 to 120.00 in a research note on Friday, April 1st. Finally, Zacks Investment Research raised Telenor ASA from a “sell” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, Telenor ASA currently has a consensus rating of “Hold” and a consensus target price of $141.00.

TELNY opened at $12.89 on Friday. Telenor ASA has a one year low of $12.57 and a one year high of $18.51. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.68 and a current ratio of 0.71. The stock’s fifty day moving average is $14.51 and its 200-day moving average is $15.20. The company has a market capitalization of $18.04 billion, a PE ratio of 13.02 and a beta of 0.48.

The company also recently disclosed a dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th will be paid a $0.4647 dividend. This represents a dividend yield of 9.69%. The ex-dividend date is Thursday, May 12th. Telenor ASA’s dividend payout ratio is presently 76.77%.

About Telenor ASA (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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