Telenor ASA (TELNY) Expected to Announce Quarterly Earnings on Wednesday

Telenor ASA (OTCMKTS:TELNY) will likely be announcing its results before the market opens on Wednesday, October 29th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $20.4202 billion for the quarter.

Telenor ASA Stock Down 0.2%

OTCMKTS:TELNY opened at $16.48 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 1.02. Telenor ASA has a twelve month low of $10.55 and a twelve month high of $17.32. The company has a market cap of $22.55 billion, a PE ratio of 22.27 and a beta of 0.44. The company’s 50 day moving average is $16.57 and its two-hundred day moving average is $15.60.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TELNY shares. New Street Research lowered shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, August 8th. Berenberg Bank lowered Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 26th. Finally, Zacks Research downgraded Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 12th. Five equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

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.