Shares of Telenor ASA (OTCMKTS:TELNY – Get Free Report) hit a new 52-week high during trading 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. Shareholders of record on Friday, October 18th will be paid a $0.4252 dividend. The ex-dividend date is Thursday, October 17th. Telenor ASA’s dividend payout ratio is presently 125.49%.
Analyst Upgrades and Downgrades
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 Performance
The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 0.96. The stock has a fifty day moving average price of $12.04 and a 200-day moving average price of $11.65. The firm has a market cap of $17.38 billion, a price-to-earnings ratio of 24.90 and a beta of 0.57.
Telenor ASA (OTCMKTS:TELNY – Get Free Report) last announced its quarterly earnings data on Thursday, July 18th. The utilities provider reported $0.18 earnings per share (EPS) for the quarter. The company had revenue of $1.86 billion for the quarter. Telenor ASA had a net margin of 11.36% and a return on equity of 13.55%. On average, analysts expect that Telenor ASA will post 1.31 earnings per share 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.
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