Previous Close | 129.50 |
Open | 129.30 |
Bid | 128.20 x 230500 |
Ask | 128.30 x 301900 |
Day's Range | 128.00 - 129.70 |
52 Week Range | 105.25 - 131.80 |
Volume | |
Avg. Volume | 1,413,145 |
Market Cap | 175.775B |
Beta (5Y Monthly) | 0.11 |
PE Ratio (TTM) | 19.50 |
EPS (TTM) | 6.59 |
Earnings Date | Jul 18, 2024 |
Forward Dividend & Yield | 9.00 (7.00%) |
Ex-Dividend Date | Oct 17, 2024 |
1y Target Est | 142.33 |
Telenor (TELNY) concludes the first half of 2024 with impressive financial results and significant strides in cybersecurity.
Norwegian telecom operator Telenor raised its 2024 revenue forecast on Thursday, citing strong first-half performance and favourable inflation trends in the Nordics, and said it would keep hiking prices to boost its sales. "Inflation in the Nordic region has come down to low-to-mid single digit levels so far this year," Telenor said in a statement. The company raised its full-year forecast for Nordic service revenues to low- to mid-single-digit percent organic growth, compared with the previous forecast of low single-digit growth.
Telenor has completed the first half of 2024 with solid results in both the Nordics and Asia. Strategic investments in technology and cybersecurity provide a solid foundation for further growth. Service revenues in the second quarter ended at NOK 16.3 billion, corresponding to an organic increase of 4.5 per cent compared to the same period last year. EBITDA ended at NOK 8.8 billion, corresponding to organic growth of 3.8 per cent. Telenor generated a free cash flow of NOK 2.2 billion in the peri