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

Telia Company AB (publ) (OTCMKTS:TLSNY) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 6,600 shares, a decline of 73.1% from the August 15th total of 24,500 shares. Based on an average daily volume of 137,400 shares, the short-interest ratio is presently 0.0 days.

A number of research firms have issued reports on TLSNY. Zacks Investment Research downgraded shares of Telia Company AB (publ) from a “hold” rating to a “sell” rating in a report on Tuesday, July 27th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Telia Company AB (publ) in a report on Thursday, July 8th. Barclays downgraded shares of Telia Company AB (publ) from an “overweight” rating to an “equal weight” rating in a report on Monday. Credit Suisse Group reaffirmed an “underperform” rating on shares of Telia Company AB (publ) in a report on Wednesday, July 28th. Finally, Sanford C. Bernstein started coverage on shares of Telia Company AB (publ) in a report on Tuesday, September 7th. They set a “market perform” rating for the company. Five analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell” and an average target price of $9.25.

Shares of Telia Company AB (publ) stock traded up $0.06 on Wednesday, reaching $8.55. 26,565 shares of the stock were exchanged, compared to its average volume of 38,246. The firm’s 50 day moving average is $8.74 and its 200-day moving average is $8.68. The firm has a market cap of $17.48 billion, a PE ratio of -11.87 and a beta of 0.27. Telia Company AB has a one year low of $7.54 and a one year high of $9.16. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.83 and a current ratio of 0.87.

Telia Company AB (publ) (OTCMKTS:TLSNY) last released its quarterly earnings data on Wednesday, July 21st. The technology company reported $0.46 earnings per share (EPS) for the quarter. The business had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Telia Company AB (publ) had a negative net margin of 14.33% and a negative return on equity of 18.30%. On average, equities research analysts expect that Telia Company AB will post 0.56 EPS for the current fiscal year.

Telia Company AB (publ) Company Profile

Telia Co AB engages in the provision of network access and telecommunication services. It operates through the following geographical segments: Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and TV and Media. It focuses in the mobile, television, and fixed-line operations. The company was founded in 1853 and is headquartered in Solna, Sweden.

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