TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Update

TeliaSonera AB (OTCMKTS:TLSNY) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,614 shares, a growth of 1,341.1% from the August 15th total of 112 shares. Based on an average trading volume of 119,707 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

TLSNY has been the topic of a number of research reports. Berenberg Bank cut shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. Barclays raised TeliaSonera from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. One 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

TeliaSonera Stock Performance

Shares of OTCMKTS TLSNY traded up $0.08 during midday trading on Thursday, hitting $9.35. The company’s stock had a trading volume of 44,772 shares, compared to its average volume of 65,874. The firm has a market capitalization of $18.38 billion, a price-to-earnings ratio of 34.63 and a beta of 0.37. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.46. The stock has a fifty day moving average price of $9.22 and a 200 day moving average price of $9.90. TeliaSonera has a one year low of $7.36 and a one year high of $10.98.

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

About TeliaSonera

TeliaSonera, now operating under the name Telia Company AB, is a telecommunications and digital services provider headquartered in Solna, Sweden. The company offers mobile and fixed-line communications, broadband, television, and related digital services to consumers, businesses, and public-sector organizations.

Telia’s consumer services include mobile voice and data plans, fiber and fixed broadband, pay television, and home communications solutions. Through its enterprise operations, the company provides connectivity, communications, information technology, and managed services designed to support businesses and government customers.

The company traces its history to Sweden’s former state telecommunications operator, Telia, and Finland’s Sonera.