Telia Company AB (publ) (OTCMKTS:TLSNY) Short Interest Update

Telia Company AB (publ) (OTCMKTS:TLSNY) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 29,400 shares, a growth of 31.8% from the August 31st total of 22,300 shares. Based on an average daily volume of 61,600 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

Several analysts have issued reports on TLSNY shares. New Street Research upgraded Telia Company AB (publ) to a “hold” rating in a report on Thursday. BNP Paribas upgraded shares of Telia Company AB (publ) to a “strong-buy” rating in a research report on Monday, September 16th.

Telia Company AB (publ) Stock Performance

Shares of TLSNY stock opened at $6.41 on Friday. The stock’s fifty day simple moving average is $6.14 and its 200-day simple moving average is $5.41. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 320.45 and a beta of 0.46. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62. Telia Company AB has a 1-year low of $3.95 and a 1-year high of $6.71.

Telia Company AB (publ) (OTCMKTS:TLSNY) last released its earnings results on Thursday, July 18th. The technology company reported $0.07 earnings per share for the quarter. The company had revenue of $2.09 billion for the quarter. Telia Company AB (publ) had a return on equity of 0.53% and a net margin of 4.71%. On average, sell-side analysts predict that Telia Company AB will post 0.32 earnings per share for the current fiscal year.

Telia Company AB (publ) Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, August 21st. Shareholders of record on Thursday, August 1st were paid a $0.0954 dividend. The ex-dividend date of this dividend was Thursday, August 1st. Telia Company AB (publ)’s dividend payout ratio is presently 1,050.00%.

Telia Company AB (publ) Company Profile

Telia Company AB (publ) provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. It offers mobile, broadband, television, and fixed-line services; and networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, enterprise telephony, Internet of Things (IoT), carrier ethernet, dedicated internet access, wavelengths, IP Transit, dark fiber, and colocation solutions.