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) 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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