Telenor ASA (OTCMKTS:TELNY) Downgraded by Barclays to Hold

Barclays lowered shares of Telenor ASA (OTCMKTS:TELNY) from a strong-buy rating to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Telenor ASA Stock Down 0.9 %

Telenor ASA stock opened at $11.90 on Wednesday. The firm has a market cap of $16.28 billion, a PE ratio of 17.76 and a beta of 0.58. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.56 and a current ratio of 0.58. The firm’s 50 day moving average price is $12.46 and its two-hundred day moving average price is $11.98. Telenor ASA has a twelve month low of $10.22 and a twelve month high of $13.12.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.21 earnings per share for the quarter. The firm had revenue of $1.87 billion for the quarter. Telenor ASA had a net margin of 12.38% and a return on equity of 14.50%. On average, research analysts predict that Telenor ASA will post 1.32 EPS for the current fiscal year.

Telenor ASA Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, October 18th were paid a dividend of $0.4252 per share. The ex-dividend date was Thursday, October 17th. Telenor ASA’s dividend payout ratio (DPR) is 82.09%.

Telenor ASA Company Profile

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.