Telenor ASA AI Stock Analysis
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Telenor ASA (TELNY) AI Stock Analysis
Telenor ASA
(Other OTC:TELNY)
The score is driven primarily by solid financial performance (strong margins, earnings rebound, and steady cash generation) and a constructive earnings-call readthrough (reaffirmed outlook and accelerated buybacks), supported by attractive income valuation (high dividend yield). These are tempered by multi-year revenue weakness and leverage, plus technicals that look strong near-term but still below the 200-day trend with stretched momentum signals.
Telenor ASA (TELNY) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $19.55B
- Dividend Yield
- 7.35%
- Average Volume (3M)
- 77.99K
- Price to Earnings (P/E)
- 9.4
- Beta (1Y)
- 0.13
- Revenue Growth
- 1.20%
- EPS Growth
- 129.86%
- Country
- US
- Employees
- 10,000
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Telecommunications Services
Telenor ASA Business Overview & Revenue Model
Company Description
Telenor ASA engages in the provision of telecommunications, data, and media services. It operates through the following segments: Nordics, Asia, Infrastructure, Amp, and Other. The Nordics segment focuses on mobile and fixed operations in Norway, Swe...
How the Company Makes Money
Telenor makes money primarily by selling connectivity subscriptions and related services. The company’s main revenue streams typically include (1) mobile service revenue from recurring customer subscriptions and usage (voice, SMS, and mobile data), o...
Telenor ASA Earnings Call Summary
The call was predominantly positive. Telenor reported a return to group service revenue growth, strong cash flow and earnings growth, sequential EBITDA improvement, a record Swedish margin, improved momentum in Norway and Finland, a strong balance sheet, accelerated buybacks and a reaffirmed outlook. These positives outweighed the challenges, which included intense competition, Norway's subscriber decline, Denmark's EBITDA pressure, underlying weakness in Finland, Bangladesh's macroeconomic conditions, higher Q4 promotional spending and ongoing Myanmar legal matters.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For full year 2026, Telenor expects the 4 Nordic telcos in aggregate, excluding the Q2 TVVAT items, to deliver flat to low single-digit growth in both service revenues and EBITDA, with CapEx to sales of around 14%; for the group, it expects flat to slightly negative EBITDA growth and free cash flow before M&A of around NOK 10 billion, excluding dividends from associates and incremental spectrum payments. Incremental net savings from transformation efficiencies are set to materialize from '27 onwards, including transformation benefits in Denmark, which will follow from mid-'27, while the company retains an ambition of 0 to minus 2% OpEx reduction towards 2030. It expects a campaign-driven finish to the year, with Norway and Denmark more promotional quarter-over-quarter and notable sales and marketing spend towards year-end; Grameenphone’s fourth quarter performance is expected to be more in line with the first half quarters than with Q3, and KNL growth is expected to continue at a solid rate in coming years, although EBITDA growth may be limited in Q4. The NOK 15 billion buyback program is now targeted for completion within 2 years rather than 3, subject to sufficient stock liquidity; the company also expects the NOK 0.8 billion working capital timing in Bangladesh to be reversed in the fourth quarter and said further spectrum payments this year are possible depending on the ongoing spectrum renewal process in Bangladesh.
Telenor ASA Financial Statement Overview
Summary
Overall financial profile is solid but not premium: strong profitability and a clear earnings rebound alongside steady operating/free cash flow. Offsetting factors are multi-year revenue contraction, elevated leverage versus equity, and only moderate cash conversion (free cash flow about ~60% of net income).
Income Statement
72PositiveBalance Sheet
61PositiveCash Flow
68Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 74.77B | 76.55B | 79.93B | 80.45B | 98.95B | 110.24B |
| Gross Profit | 57.63B | 59.30B | 62.20B | 61.40B | 72.55B | 81.06B |
| EBITDA | 46.99B | 37.23B | 46.23B | 22.89B | 28.70B | 39.41B |
| Net Income | 19.81B | 8.19B | 18.34B | 13.73B | 13.65B | 11.34B |
Balance Sheet | ||||||
| Total Assets | 207.89B | 221.59B | 229.51B | 218.38B | 239.25B | 225.74B |
| Cash, Cash Equivalents and Short-Term Investments | 45.04B | 16.78B | 10.70B | 20.86B | 10.26B | 15.60B |
| Total Debt | 83.61B | 100.65B | 101.62B | 102.19B | 118.52B | 131.40B |
| Total Liabilities | 131.94B | 144.83B | 147.04B | 147.95B | 174.88B | 194.25B |
| Stockholders Equity | 71.28B | 71.61B | 76.62B | 64.48B | 60.13B | 26.29B |
Cash Flow | ||||||
| Free Cash Flow | 17.65B | 19.29B | 18.10B | 14.39B | 19.92B | 22.82B |
| Operating Cash Flow | 29.01B | 31.22B | 31.48B | 29.12B | 39.22B | 42.27B |
| Investing Cash Flow | 25.72B | -9.84B | -11.49B | -18.30B | -23.14B | -17.23B |
| Financing Cash Flow | -26.39B | -15.20B | -29.39B | -1.53B | -23.98B | -27.90B |
Telenor ASA Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TELNY, the sentiment is Positive. The current price of 14.21 is above the 20-day moving average (MA) of 13.96, above the 50-day MA of 13.62, and below the 200-day MA of 15.08, indicating a neutral trend. The MACD of 0.26 indicates Negative momentum. The RSI at 58.23 is Neutral, neither overbought nor oversold. The STOCH value of 12.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TELNY.
Telenor ASA Peers Comparison
Overall Rating
- TELNY70Outperform
KT69.5Neutral
TKC69Neutral
TIGO63Neutral
VOD62Neutral
SKM56Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TELNY | 70Outperform | $19.43B | 9.36 | 28.14% | 7.35% | 1.20% | 129.86% |
| KT | 70Neutral | $9.15B | 9.45 | 7.07% | 4.46% | 2.81% | 24.46% |
| TKC | 69Neutral | $4.13B | 10.01 | 6.97% | 4.58% | 15.24% | 11.68% |
| TIGO | 63Neutral | $14.98B | 24.18 | 19.68% | 5.26% | 44.65% | -48.10% |
| VOD | 62Neutral | $35.99B | -71.75 | -0.79% | 3.47% | 15.68% | -64.88% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| SKM | 56Neutral | $13.10B | 13.61 | 9.44% | 1.86% | -1.72% | 125.64% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TELNY | Telenor ASA (ADR) | 14.21 | 0.60 | 4.38% | |
| KT | KT Corporation | 18.80 | 0.66 | 3.64% | |
| SKM | Sk Telecom | 34.12 | 14.03 | 69.84% | |
| TKC | Turkcell Iletisim Hizmetleri As | 4.81 | -0.71 | -12.78% | |
| VOD | Vodafone Group Plc | 15.49 | 3.74 | 31.81% | |
| TIGO | Millicom International Cellular Sa | 80.83 | 30.22 | 59.71% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 29, 2026