Telenor ASA (OTCMKTS:TELNY) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Telenor ASA (OTCMKTS:TELNY) announced its earnings results on Thursday. The utilities provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01), Zacks reports. Telenor ASA had a return on equity of 16.15% and a net margin of 24.17%.

Telenor ASA Price Performance

Telenor ASA stock opened at $12.42 on Friday. The stock’s fifty day moving average price is $11.52 and its two-hundred day moving average price is $11.96. The firm has a market cap of $16.99 billion, a PE ratio of 14.43 and a beta of 0.59. 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 $10.55 and a one year high of $13.12.

Analysts Set New Price Targets

Several research analysts have weighed in on TELNY shares. Sanford C. Bernstein upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 23rd. Barclays cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research note 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.