Telenor ASA (OTCMKTS:TELNY) Hits New 1-Year Low at $12.55

Shares of Telenor ASA (OTCMKTS:TELNYGet Rating) hit a new 52-week low during trading on Thursday . The stock traded as low as $12.55 and last traded at $12.71, with a volume of 263370 shares. The stock had previously closed at $12.81.

Several analysts have commented on the stock. Barclays raised their target price on shares of Telenor ASA from 120.00 to 125.00 in a report on Thursday, June 2nd. UBS Group downgraded shares of Telenor ASA from a “buy” rating to a “neutral” rating in a report on Thursday, February 24th.

The company has a market capitalization of $17.87 billion, a P/E ratio of 12.58 and a beta of 0.48. The firm’s 50 day moving average price is $13.75 and its two-hundred day moving average price is $14.78. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 2.20.

The firm also recently declared a dividend, which was paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th were paid a dividend of $0.4647 per share. The ex-dividend date of this dividend was Thursday, May 12th. This represents a dividend yield of 9.69%. Telenor ASA’s dividend payout ratio is currently 74.75%.

Telenor ASA Company Profile (OTCMKTS:TELNY)

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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