Telenor ASA (OTCMKTS:TELNY) Sets New 1-Year High Following Dividend Announcement

Shares of Telenor ASA (OTCMKTS:TELNY) hit a new 52-week high on Wednesday after the company announced a dividend. The company traded as high as $12.92 and last traded at $12.87, with a volume of 12533 shares trading hands. The stock had previously closed at $12.81.

The newly announced dividend which will be paid on Wednesday, November 6th. Stockholders of record on Friday, October 18th will be paid a dividend of $0.4252 per share. The ex-dividend date of this dividend is Thursday, October 17th. Telenor ASA’s dividend payout ratio (DPR) is 111.76%.

Analyst Ratings Changes

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

Telenor ASA Stock Up 0.5 %

The business’s 50 day moving average is $11.99 and its 200-day moving average is $11.63. 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 firm has a market capitalization of $17.61 billion, a price-to-earnings ratio of 25.12 and a beta of 0.57.

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

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.