TeliaSonera AB (OTCMKTS:TLSNY) Sees Large Decline in Short Interest

TeliaSonera AB (OTCMKTS:TLSNY) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 13,991 shares, a decline of 70.2% from the April 15th total of 46,920 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 101,993 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

A number of research firms have issued reports on TLSNY. Citigroup upgraded shares of TeliaSonera to a “strong-buy” rating in a report on Thursday, May 7th. UBS Group lowered TeliaSonera from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, TeliaSonera currently has an average rating of “Buy”.

TeliaSonera Stock Down 0.3%

Shares of OTCMKTS:TLSNY opened at $10.57 on Wednesday. The firm’s 50 day moving average price is $10.19 and its 200 day moving average price is $9.14. The stock has a market cap of $20.78 billion, a price-to-earnings ratio of 42.28 and a beta of 0.35. TeliaSonera has a fifty-two week low of $6.67 and a fifty-two week high of $10.79. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 1.33.

TeliaSonera (OTCMKTS:TLSNY) last posted its quarterly earnings results on Friday, April 24th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%.The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.21 billion. As a group, equities research analysts predict that TeliaSonera will post 0.49 earnings per share for the current fiscal year.

TeliaSonera Company Profile

TeliaSonera (OTCMKTS:TLSNY) operates under the Telia Company brand as one of the leading telecommunications providers in the Nordic and Baltic regions. The company delivers a wide range of services, including mobile and fixed voice communications, broadband internet, television and streaming offerings, and enterprise-grade data and IP solutions. Its consumer segment focuses on mobile subscriptions, digital TV packages and home connectivity, while its business division provides managed network services, cloud platforms and Internet of Things (IoT) applications.

The roots of TeliaSonera trace back to the 19th century with Sweden’s Royal Telegraph Agency and Finland’s national carrier, Sonera.