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

Telenor ASA (OTCMKTS:TELNY) released its quarterly 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 net margin of 12.38% and a return on equity of 14.50%.

Telenor ASA Price Performance

OTCMKTS TELNY opened at $12.55 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.56 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average price of $11.50 and a two-hundred day moving average price of $11.95. The stock has a market cap of $17.17 billion, a price-to-earnings ratio of 16.27 and a beta of 0.59. Telenor ASA has a 52 week low of $10.55 and a 52 week high of $13.12.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TELNY. Sanford C. Bernstein upgraded Telenor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 23rd. Barclays cut shares of Telenor ASA from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 6th.

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.