Telenor ASA (OTCMKTS:TELNY – Get Rating) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 25,100 shares, an increase of 79.3% from the April 30th total of 14,000 shares. Based on an average daily volume of 50,400 shares, the short-interest ratio is presently 0.5 days.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on TELNY shares. Pareto Securities lowered shares of Telenor ASA from a “buy” rating to a “hold” rating in a report on Friday, April 21st. Citigroup assumed coverage on Telenor ASA in a research report on Friday. They issued a “neutral” rating for the company. Barclays upgraded shares of Telenor ASA from an “underweight” rating to an “equal weight” rating in a report on Tuesday, April 18th. Finally, Nordea Equity Research upgraded shares of Telenor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $110.00.
Telenor ASA Stock Down 1.1 %
Telenor ASA stock traded down $0.11 during midday trading on Friday, reaching $10.34. The stock had a trading volume of 44,176 shares, compared to its average volume of 52,728. Telenor ASA has a 1-year low of $8.55 and a 1-year high of $13.86. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.58 and a current ratio of 0.60. The firm’s fifty day simple moving average is $11.80 and its 200-day simple moving average is $10.77. The stock has a market capitalization of $14.48 billion, a P/E ratio of 2.65 and a beta of 0.49.
Telenor ASA Increases Dividend
The business also recently announced a dividend, which will be paid on Wednesday, May 31st. Investors of record on Friday, May 12th will be issued a dividend of $0.3814 per share. This represents a yield of 5.79%. The ex-dividend date of this dividend is Thursday, May 11th. This is a positive change from Telenor ASA’s previous dividend of $0.35. Telenor ASA’s dividend payout ratio is presently 18.23%.
Telenor ASA Company Profile
Telenor ASA engages in the provision of telecommunications, data, and media services. Its products and services include mobile communication, fixed line communication, and broadcasting activities. It operates through the following segments: Norway, Sweden, Denmark, DNA-Finland, dtac-Thailand, Digi-Malaysia, Grameenphone-Bangladesh, Pakistan, and Other Units.
- Get a free copy of the StockNews.com research report on Telenor ASA (TELNY)
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