Telenor ASA (TELNY) to Release Earnings on Wednesday

Telenor ASA (OTCMKTS:TELNY) is projected to post its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Telenor ASA to post earnings of $0.17 per share and revenue of $20.88 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Telenor ASA (OTCMKTS:TELNY) last announced its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.21 EPS for the quarter. Telenor ASA had a net margin of 12.38% and a return on equity of 14.50%. The company had revenue of $1.87 billion for the quarter. On average, analysts expect Telenor ASA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Telenor ASA Stock Performance

Shares of TELNY stock opened at $12.10 on Wednesday. Telenor ASA has a one year low of $10.55 and a one year high of $13.12. The company’s 50-day moving average is $11.44 and its 200 day moving average is $11.92. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 18.06 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.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TELNY shares. Sanford C. Bernstein raised shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays downgraded shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th.

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.