TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Update

TeliaSonera AB (OTCMKTS:TLSNY) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 112 shares, a drop of 96.9% from the July 30th total of 3,639 shares. Based on an average daily trading volume, of 140,293 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

TeliaSonera Stock Performance

TeliaSonera stock opened at $9.28 on Wednesday. TeliaSonera has a fifty-two week low of $7.33 and a fifty-two week high of $10.98. The company has a market capitalization of $18.25 billion, a price-to-earnings ratio of 34.37 and a beta of 0.37. The stock has a fifty day moving average of $9.39 and a two-hundred day moving average of $9.94. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.62 and a current ratio of 0.66.

TeliaSonera (OTCMKTS:TLSNY) last issued its quarterly earnings data on Friday, July 17th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.14 billion. TeliaSonera had a return on equity of 9.20% and a net margin of 6.26%. On average, analysts anticipate that TeliaSonera will post 0.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.