Short Interest in TeliaSonera AB (OTCMKTS:TLSNY) Expands By 66.6%

TeliaSonera AB (OTCMKTS:TLSNY) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 73,595 shares, a growth of 66.6% from the May 14th total of 44,172 shares. Based on an average daily volume of 119,188 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Citigroup raised TeliaSonera to a “strong-buy” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

TeliaSonera Trading Down 4.2%

Shares of TLSNY stock opened at $10.46 on Tuesday. TeliaSonera has a 12-month low of $6.67 and a 12-month high of $10.98. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.33. The stock’s 50-day moving average price is $10.46 and its 200-day moving average price is $9.61. The stock has a market capitalization of $20.56 billion, a price-to-earnings ratio of 41.84 and a beta of 0.35.

TeliaSonera (OTCMKTS:TLSNY) last issued its earnings results on Friday, April 24th. The technology company reported $0.09 earnings per share (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 during the quarter, compared to the consensus estimate of $2.21 billion. Equities research analysts predict that TeliaSonera will post 0.49 EPS 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.