Telenor ASA Plans Dividend of $0.43 (OTCMKTS:TELNY)

Telenor ASA (OTCMKTS:TELNY) declared a dividend on Wednesday, September 18th, NASDAQ reports. Shareholders of record on Friday, October 18th will be given a dividend of 0.4252 per share by the utilities provider on Wednesday, November 6th. The ex-dividend date is Thursday, October 17th.

Telenor ASA Stock Up 0.5 %

Shares of TELNY traded up $0.06 during mid-day trading on Wednesday, hitting $12.87. 68,631 shares of the company’s stock were exchanged, compared to its average volume of 27,072. 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 company has a market cap of $17.61 billion, a price-to-earnings ratio of 25.24 and a beta of 0.57. The stock’s 50-day moving average is $11.99 and its 200-day moving average is $11.63. Telenor ASA has a fifty-two week low of $10.01 and a fifty-two week high of $12.97.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings results on Thursday, July 18th. The utilities provider reported $0.18 EPS for the quarter. Telenor ASA had a net margin of 11.36% and a return on equity of 13.55%. The company had revenue of $1.86 billion during the quarter. On average, sell-side analysts anticipate that Telenor ASA will post 1.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, New Street Research raised shares of Telenor ASA to a “strong-buy” rating in a research report on Monday, July 8th.

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.