Shares of Telenor ASA (OTCMKTS:TELNF – Get Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.78 and traded as low as $13.80. Telenor ASA shares last traded at $13.80, with a volume of 1,500 shares.
Telenor ASA Trading Up 6.2%
The business has a 50-day moving average price of $14.74 and a two-hundred day moving average price of $15.62.
Telenor ASA Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, October 28th. Stockholders of record on Friday, October 17th were issued a dividend of $4.60 per share. This represents a dividend yield of 598.0%. The ex-dividend date was Thursday, October 16th. Telenor ASA’s dividend payout ratio (DPR) is currently 159.45%.
Telenor ASA Company Profile
Telenor ASA is a Norway?based telecommunications company that provides a broad range of communication services to consumers and businesses. Its core offerings include mobile voice and data services, fixed?line broadband, pay?TV solutions and Internet of Things (IoT) connectivity. Through its network infrastructure, Telenor serves both retail and enterprise customers, delivering digital solutions that span cloud services, managed network operations and cybersecurity.
The company’s operations extend across Northern Europe and selected Asian markets.
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