Telenor ASA (TELNY) Expected to Announce Quarterly Earnings on Thursday

Telenor ASA (OTCMKTS:TELNY) will likely be announcing 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 Stock Up 0.8%

Shares of OTCMKTS:TELNY opened at $16.56 on Thursday. The firm has a 50 day simple moving average of $14.51 and a 200-day simple moving average of $15.49. The company has a market capitalization of $22.66 billion, a PE ratio of 22.38 and a beta of 0.38. Telenor ASA has a twelve month low of $12.06 and a twelve month high of $17.32. The company has a current ratio of 0.52, a quick ratio of 0.51 and a debt-to-equity ratio of 0.98.

Analyst Upgrades and Downgrades

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