Telenor ASA (OTCMKTS:TELNY) Stock Price Crosses Below 50-Day Moving Average of $11.67

Telenor ASA (OTCMKTS:TELNY)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.67 and traded as low as $11.60. Telenor ASA shares last traded at $11.61, with a volume of 9,579 shares changing hands.

Telenor ASA Stock Performance

The company has a 50-day simple moving average of $11.67 and a 200 day simple moving average of $11.37. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.84.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings results on Monday, April 29th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter. Telenor ASA had a net margin of 9.20% and a return on equity of 11.44%. The firm had revenue of $1.85 billion for the quarter. Sell-side analysts expect that Telenor ASA will post 1.41 earnings per share for the current year.

Telenor ASA Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 30th. Stockholders of record on Friday, May 10th were given a dividend of $0.4724 per share. The ex-dividend date of this dividend was Thursday, May 9th. This is a boost from Telenor ASA’s previous dividend of $0.41. Telenor ASA’s dividend payout ratio (DPR) is 125.49%.

About Telenor ASA

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.