Telenor ASA (TELNY) to Release Earnings on Monday

Telenor ASA (OTCMKTS:TELNY) is anticipated to post its quarterly earnings results before the market opens on Monday, May 5th. Analysts expect Telenor ASA to post earnings of $0.19 per share and revenue of $19.67 billion for the quarter.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings results on Thursday, February 6th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Telenor ASA had a return on equity of 16.15% and a net margin of 24.17%. On average, analysts expect Telenor ASA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Telenor ASA Price Performance

Shares of OTCMKTS:TELNY opened at $15.09 on Friday. Telenor ASA has a 52 week low of $10.55 and a 52 week high of $15.48. The company has a 50-day moving average price of $13.92 and a 200 day moving average price of $12.55. The company has a market cap of $20.65 billion, a P/E ratio of 11.61 and a beta of 0.44. The company has a quick ratio of 0.58, a current ratio of 0.60 and a debt-to-equity ratio of 0.88.

Wall Street Analysts Forecast Growth

TELNY has been the topic of a number of analyst reports. Sanford C. Bernstein upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Dnb Nor Markets lowered shares of Telenor ASA from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 23rd.

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.