Telenor ASA (OTCMKTS:TELNY) Plans Dividend of $0.43

Telenor ASA (OTCMKTS:TELNY) announced a dividend on Wednesday, September 18th, NASDAQ reports. Investors of record on Friday, October 18th will be given a dividend of 0.4252 per share by the utilities provider on Wednesday, November 6th. The ex-dividend date is Thursday, October 17th.

Telenor ASA Stock Up 0.5 %

Shares of TELNY opened at $12.87 on Thursday. The firm has a 50 day simple moving average of $12.02 and a two-hundred day simple moving average of $11.64. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.58 and a quick ratio of 0.56. Telenor ASA has a one year low of $10.01 and a one year high of $12.97. The company has a market cap of $17.61 billion, a P/E ratio of 17.95 and a beta of 0.57.

Telenor ASA (OTCMKTS:TELNY) last posted its quarterly earnings results on Thursday, July 18th. The utilities provider reported $0.18 EPS for the quarter. The company had revenue of $1.86 billion during the quarter. Telenor ASA had a return on equity of 13.55% and a net margin of 11.36%. Research analysts forecast that Telenor ASA will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.