Telenor ASA (TELNY) Set to Announce Quarterly Earnings on Wednesday

by · The Markets Daily

Telenor ASA (OTCMKTS:TELNY – Get Free Report) is projected to announce its results before the market opens on Wednesday, October 28th. Analysts expect Telenor ASA to post earnings of $0.24 per share and revenue of $1.92 billion for the quarter.

Telenor ASA Stock Performance

Shares of TELNY stock opened at $13.68 on Monday. The company has a market cap of $18.72 billion, a P/E ratio of 13.96 and a beta of 0.31. The stock has a 50 day simple moving average of $13.95 and a two-hundred day simple moving average of $15.03. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.30 and a current ratio of 1.32. Telenor ASA has a fifty-two week low of $12.97 and a fifty-two week high of $18.92.

Analysts Set New Price Targets

A number of research firms have issued reports on TELNY. The Goldman Sachs Group cut Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, September 4th. Zacks Research lowered shares of Telenor ASA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 20th. Kepler Capital Markets upgraded shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research report on Thursday, September 24th. Pareto Securities raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Finally, Berenberg Bank raised shares of Telenor ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Telenor ASA has an average rating of “Moderate Buy”.

Get Our Latest Stock Analysis on TELNY

About Telenor ASA

(Get Free Report)

Telenor ASA is a Norwegian telecommunications company headquartered in Fornebu, Norway. The company provides mobile voice and data services, fixed broadband, television, digital communications and related technology services to consumers, businesses and public-sector customers.

Telenor’s core operating businesses are concentrated in the Nordic region, including Norway, Sweden, Denmark and Finland. Its services include mobile networks, fiber and other broadband connections, entertainment offerings, enterprise connectivity, Internet of Things solutions and digital services.

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