Telia Company AB (publ) (OTCMKTS:TLSNY) Short Interest Down 60.7% in November

Telia Company AB (publ) (OTCMKTS:TLSNY) was the recipient of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 14,500 shares, a decrease of 60.7% from the October 31st total of 36,900 shares. Based on an average daily volume of 144,600 shares, the days-to-cover ratio is currently 0.1 days.

Telia Company AB (publ) Stock Performance

Shares of Telia Company AB (publ) stock opened at $5.80 on Friday. The company has a 50 day moving average price of $6.00 and a 200 day moving average price of $5.73. The firm has a market capitalization of $11.40 billion, a P/E ratio of 116.00 and a beta of 0.47. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.66. Telia Company AB has a 52 week low of $4.53 and a 52 week high of $6.71.

Telia Company AB (publ) (OTCMKTS:TLSNY) last posted its quarterly earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $2.09 billion during the quarter. Telia Company AB (publ) had a net margin of 5.37% and a return on equity of 1.90%. Sell-side analysts expect that Telia Company AB will post 0.39 EPS for the current year.

Telia Company AB (publ) Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.099 per share. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Telia Company AB (publ)’s previous dividend of $0.10. Telia Company AB (publ)’s payout ratio is presently 86.37%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays downgraded shares of Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th. BNP Paribas raised Telia Company AB (publ) to a “strong-buy” rating in a research report on Monday, September 16th. Finally, New Street Research upgraded Telia Company AB (publ) to a “hold” rating in a report on Thursday, September 26th.

Telia Company AB (publ) Company Profile

Telia Company AB (publ) provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. It offers mobile, broadband, television, and fixed-line services; and networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, enterprise telephony, Internet of Things (IoT), carrier ethernet, dedicated internet access, wavelengths, IP Transit, dark fiber, and colocation solutions.