Telenor ASA (TELNY) Expected to Post Earnings on Thursday

Telenor ASA (OTCMKTS:TELNY) is expected to be issuing its resultson Thursday, July 16th. Analysts expect the company to announce earnings of $0.23 per share and revenue of $1.9219 billion for the quarter.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Telenor ASA had a net margin of 18.28% and a return on equity of 16.31%. 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 Price Performance

Telenor ASA stock opened at $14.75 on Thursday. The firm has a market cap of $20.18 billion, a PE ratio of 14.18 and a beta of 0.31. Telenor ASA has a 52-week low of $13.79 and a 52-week high of $18.92. The company has a quick ratio of 0.69, a current ratio of 0.71 and a debt-to-equity ratio of 0.98. The company’s 50 day moving average is $15.89 and its two-hundred day moving average is $16.43.

Analyst Ratings Changes

Several research firms have commented on TELNY. Citigroup downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 7th. Pareto Securities cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Barclays lowered Telenor ASA from an “equal weight” rating to an “underweight” rating in a report on Tuesday, June 23rd. Finally, Zacks Research raised Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 27th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

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.