Telenor ASA (TELNY) to Release Earnings on Wednesday

Telenor ASA (OTCMKTS:TELNY) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $20.88 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Telenor ASA (OTCMKTS:TELNY) last released its earnings results on Wednesday, October 30th. The utilities provider reported $0.21 EPS for the quarter. Telenor ASA had a net margin of 12.38% and a return on equity of 14.50%. The company had revenue of $1.87 billion for the quarter. On average, analysts expect Telenor ASA to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Telenor ASA Price Performance

OTCMKTS TELNY opened at $12.10 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.96. Telenor ASA has a 12 month low of $10.55 and a 12 month high of $13.12. The company’s 50 day moving average is $11.44 and its two-hundred day moving average is $11.92. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of 18.06 and a beta of 0.58.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TELNY. Sanford C. Bernstein raised shares of Telenor ASA from a “strong sell” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays lowered shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 6th.

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.