Final answer:
Menelaus and Helen are the speakers in the hall of their palace, discussing the resemblance between Telemachus and his father Odysseus, with Athena (as Mentor) being present.
Step-by-step explanation:
The speakers of the words in the quote from The Odyssey are Menelaus and Helen; they are in the hall of their palace, and they are speaking about Telemachus and Mentor/Minerva.
During this scene in Book IV of Homer's epic, Helen and Menelaus notice the striking resemblance between Telemachus and his father, Odysseus, even though they are not yet aware of Telemachus's identity.
Menelaus and Helen are marveling at how much Telemachus looks like his father, while Mentor, who is actually the goddess Athena in disguise, is accompanying Telemachus on his journey to find news of his father.