Telenor ASA (OTCMKTS:TELNY) Share Price Passes Below Fifty Day Moving Average of $11.02

Shares of Telenor ASA (OTCMKTS:TELNY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.02 and traded as low as $11.00. Telenor ASA shares last traded at $11.06, with a volume of 33,570 shares.

Telenor ASA Stock Up 0.9 %

The business has a 50 day moving average of $11.02 and a 200 day moving average of $11.01. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 1.09.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.04 EPS for the quarter. Telenor ASA had a return on equity of 4.19% and a net margin of 18.03%. The company had revenue of $1.94 billion during the quarter. Sell-side analysts anticipate that Telenor ASA will post 1.39 EPS for the current fiscal year.

Telenor ASA Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Friday, May 10th will be given a dividend of $0.4724 per share. The ex-dividend date is Thursday, May 9th. This is a positive change from Telenor ASA’s previous dividend of $0.41. Telenor ASA’s dividend payout ratio (DPR) is currently 62.63%.

About Telenor ASA

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.