Telenor ASA (TELNY) Projected to Post Quarterly Earnings on Thursday

Telenor ASA (OTCMKTS:TELNY) is projected to issue its results before the market opens on Thursday, February 5th. Analysts expect the company to announce earnings of $2.61 per share for the quarter.

Telenor ASA Trading Up 0.8%

Shares of OTCMKTS TELNY opened at $16.56 on Thursday. The stock has a market capitalization of $22.66 billion, a P/E ratio of 22.38 and a beta of 0.38. The business’s 50 day moving average is $14.51 and its two-hundred day moving average is $15.49. Telenor ASA has a 1-year low of $12.06 and a 1-year high of $17.32. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.52 and a quick ratio of 0.51.

Analyst Upgrades and Downgrades

Separately, Pareto Securities raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus 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.