Short Interest in Telia Company AB (publ) (OTCMKTS:TLSNY) Decreases By 60.7%

Telia Company AB (publ) (OTCMKTS:TLSNY) was the recipient of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 14,500 shares, a decline of 60.7% from the October 31st total of 36,900 shares. Based on an average daily trading volume, of 144,600 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on TLSNY. New Street Research raised Telia Company AB (publ) to a “hold” rating in a report on Thursday, September 26th. BNP Paribas raised shares of Telia Company AB (publ) to a “strong-buy” rating in a research report on Monday, September 16th. Finally, Barclays downgraded shares of Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th.

Telia Company AB (publ) Stock Performance

Shares of TLSNY stock traded up $0.12 on Wednesday, hitting $5.80. The company had a trading volume of 39,172 shares, compared to its average volume of 36,097. Telia Company AB has a twelve month low of $4.53 and a twelve month high of $6.71. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.66. The firm has a market cap of $11.40 billion, a P/E ratio of 114.40 and a beta of 0.47. The company has a 50-day moving average price of $6.03 and a 200-day moving average price of $5.73.

Telia Company AB (publ) (OTCMKTS:TLSNY) last posted its earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share for the quarter. Telia Company AB (publ) had a net margin of 5.37% and a return on equity of 1.90%. The firm had revenue of $2.09 billion during the quarter. As a group, equities research analysts predict that Telia Company AB will post 0.39 earnings per share for the current fiscal year.

Telia Company AB (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.099 per share. This is a positive change from Telia Company AB (publ)’s previous dividend of $0.10. The ex-dividend date of this dividend was Thursday, October 31st. Telia Company AB (publ)’s dividend payout ratio is presently 86.37%.

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.