Telenor ASA (TELNY) to Release Earnings on Tuesday

Telenor ASA (OTCMKTS:TELNY) is expected to be releasing its resultson Tuesday, April 28th. Analysts expect Telenor ASA to post earnings of $0.2101 per share and revenue of $1.9198 billion for the quarter.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings data on Friday, February 6th. The utilities provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Telenor ASA had a return on equity of 15.52% and a net margin of 10.15%. On average, analysts expect Telenor ASA to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Telenor ASA Stock Performance

Telenor ASA stock opened at $17.58 on Friday. The stock’s 50-day moving average is $17.69 and its 200-day moving average is $16.10. The company has a market cap of $24.06 billion, a price-to-earnings ratio of 31.39 and a beta of 0.36. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.71 and a quick ratio of 0.69. Telenor ASA has a 12 month low of $13.79 and a 12 month high of $18.92.

Wall Street Analysts Forecast Growth

Separately, Pareto Securities downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, April 10th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

About Telenor ASA

Telenor ASA is a Norway-based multinational telecommunications company that provides a broad range of communications and digital services to consumers and businesses. Its core offerings include mobile voice and data services, fixed broadband, television distribution, and related value-added digital services. The company also provides enterprise solutions such as business connectivity, cloud and hosting services, Internet of Things (IoT) connectivity, and wholesale telecommunications services.

In its consumer-facing business, Telenor operates mobile networks, broadband access and content services, and increasingly bundles digital and financial services to enhance customer engagement.