Shares of Telenor ASA (OTCMKTS:TELNY – Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $12.48 and traded as low as $11.78. Telenor ASA shares last traded at $11.90, with a volume of 15,142 shares changing hands.
Analysts Set New Price Targets
Separately, New Street Research upgraded Telenor ASA to a “strong-buy” rating in a research report on Monday, July 8th.
Get Our Latest Stock Report on Telenor ASA
Telenor ASA Stock Performance
Telenor ASA Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Friday, October 18th will be given a $0.4252 dividend. The ex-dividend date of this dividend is Thursday, October 17th. Telenor ASA’s dividend payout ratio (DPR) is presently 111.76%.
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.
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