Telenor ASA (OTCMKTS:TELNY) Releases Earnings Results, Misses Estimates By $0.01 EPS

Telenor ASA (OTCMKTS:TELNY) announced its quarterly earnings data on Thursday. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01), Zacks reports. Telenor ASA had a return on equity of 14.50% and a net margin of 12.38%.

Telenor ASA Stock Performance

Shares of OTCMKTS TELNY opened at $12.55 on Friday. The business’s 50-day simple moving average is $11.50 and its 200-day simple moving average is $11.95. Telenor ASA has a 52 week low of $10.55 and a 52 week high of $13.12. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.58. The firm has a market cap of $17.17 billion, a price-to-earnings ratio of 16.27 and a beta of 0.59.

Analysts Set New Price Targets

Several research firms have recently commented on TELNY. Sanford C. Bernstein raised shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Barclays downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 6th.

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.