Telenor ASA (TELNY) Projected to Post Earnings on Tuesday

Telenor ASA (OTCMKTS:TELNY) is expected to release its resultson Tuesday, April 28th. Analysts expect Telenor ASA to post earnings of $0.2101 per share and revenue of $1.9198 billion for the quarter.

Telenor ASA (OTCMKTS:TELNY) last released its quarterly earnings results on Friday, February 6th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.02). The business had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $2.07 billion. Telenor ASA had a return on equity of 15.52% and a net margin of 10.15%. On average, analysts expect Telenor ASA to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Telenor ASA Price Performance

Shares of TELNY opened at $17.43 on Tuesday. Telenor ASA has a one year low of $13.68 and a one year high of $18.92. The stock’s fifty day moving average is $17.78 and its 200-day moving average is $16.07. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.69 and a current ratio of 0.71. The firm has a market capitalization of $23.84 billion, a price-to-earnings ratio of 31.12 and a beta of 0.36.

Wall Street Analyst Weigh In

Separately, Pareto Securities cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 10th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

About Telenor ASA

Telenor ASA is a Norway-based multinational telecommunications company that provides a broad range of communications and digital services to consumers and businesses. Its core offerings include mobile voice and data services, fixed broadband, television distribution, and related value-added digital services. The company also provides enterprise solutions such as business connectivity, cloud and hosting services, Internet of Things (IoT) connectivity, and wholesale telecommunications services.

In its consumer-facing business, Telenor operates mobile networks, broadband access and content services, and increasingly bundles digital and financial services to enhance customer engagement.