Telenor ASA (OTCMKTS:TELNY – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 51,600 shares, an increase of 255.9% from the September 30th total of 14,500 shares. Based on an average daily volume of 50,600 shares, the short-interest ratio is presently 1.0 days.
Analyst Ratings Changes
Separately, New Street Research raised shares of Telenor ASA to a “strong-buy” rating in a research report on Monday, July 8th.
View Our Latest Stock Analysis on Telenor ASA
Telenor ASA Stock Down 0.6 %
Telenor ASA Cuts Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, November 6th. Shareholders of record on Friday, October 18th will be issued a dividend of $0.4252 per share. The ex-dividend date is Thursday, October 17th. Telenor ASA’s payout ratio is 111.76%.
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.
Featured Articles
- Five stocks we like better than Telenor ASA
- What does consumer price index measure?
- Texas Roadhouse Stock Steering for New Highs This Year
- How to Use the MarketBeat Excel Dividend Calculator
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- How to Invest in Small Cap StocksĀ
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for Telenor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telenor ASA and related companies with MarketBeat.com's FREE daily email newsletter.