TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Update

TeliaSonera AB (OTCMKTS:TLSNY) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 84 shares, a drop of 99.8% from the June 30th total of 51,764 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 269,348 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Several brokerages have issued reports on TLSNY. Barclays raised shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Citigroup upgraded shares of TeliaSonera to a “strong-buy” rating in a research report on Thursday, May 7th. Finally, Berenberg Bank cut shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

TeliaSonera Price Performance

TeliaSonera stock opened at $9.12 on Friday. The business has a 50 day simple moving average of $10.02 and a 200 day simple moving average of $9.88. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.74 and a quick ratio of 0.69. The company has a market capitalization of $17.93 billion, a PE ratio of 33.78 and a beta of 0.36. TeliaSonera has a one year low of $6.74 and a one year high of $10.98.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.14 billion. TeliaSonera had a return on equity of 9.10% and a net margin of 6.26%. On average, sell-side analysts forecast that TeliaSonera will post 0.45 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.