Telenor ASA (OTCMKTS:TELNF – Get Free Report) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.78 and traded as low as $13.80. Telenor ASA shares last traded at $13.80, with a volume of 1,500 shares changing hands.
Telenor ASA Price Performance
The company has a 50-day simple moving average of $14.78 and a 200 day simple moving average of $15.62.
Telenor ASA Cuts Dividend
The business also recently announced a dividend, which was paid on Tuesday, October 28th. Investors of record on Friday, October 17th were paid a $4.60 dividend. The ex-dividend date was Thursday, October 16th. This represents a yield of 598.0%. Telenor ASA’s dividend payout ratio (DPR) is 159.45%.
About Telenor ASA
Telenor ASA is a Norway‐based telecommunications company that provides a broad range of communication services to consumers and businesses. Its core offerings include mobile voice and data services, fixed‐line broadband, pay‐TV solutions and Internet of Things (IoT) connectivity. Through its network infrastructure, Telenor serves both retail and enterprise customers, delivering digital solutions that span cloud services, managed network operations and cybersecurity.
The company’s operations extend across Northern Europe and selected Asian markets.
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