Telenor ASA (OTCMKTS:TELNY) Stock Passes Below Fifty Day Moving Average of $11.02

Telenor ASA (OTCMKTS:TELNY)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.02 and traded as low as $11.00. Telenor ASA shares last traded at $11.06, with a volume of 33,570 shares.

Telenor ASA Stock Up 0.9 %

The stock’s fifty day simple moving average is $11.02 and its 200-day simple moving average is $11.01. The company has a quick ratio of 0.84, a current ratio of 0.86 and a debt-to-equity ratio of 1.09.

Telenor ASA (OTCMKTS:TELNY) last issued its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter. Telenor ASA had a return on equity of 4.19% and a net margin of 18.03%. The business had revenue of $1.94 billion for the quarter. On average, research analysts forecast that Telenor ASA will post 1.39 EPS for the current fiscal year.

Telenor ASA Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 30th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.4724 per share. This is a positive change from Telenor ASA’s previous dividend of $0.41. The ex-dividend date is Thursday, May 9th. Telenor ASA’s dividend payout ratio is 62.63%.

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.