Telia Company AB (publ) (OTCMKTS:TLSNY) Downgraded by Barclays to "Strong Sell"

Barclays downgraded shares of Telia Company AB (publ) (OTCMKTS:TLSNY - Free Report) from a hold rating to a strong sell rating in a report published on Wednesday morning,Zacks.com reports.

TLSNY has been the subject of several other research reports. BNP Paribas raised shares of Telia Company AB (publ) to a "strong-buy" rating in a report on Monday, September 16th. New Street Research raised shares of Telia Company AB (publ) to a "hold" rating in a report on Thursday, September 26th.

Telia Company AB (publ) Stock Performance

Shares of Telia Company AB (publ) stock traded down $0.07 on Wednesday, hitting $5.62. 51,745 shares of the company's stock were exchanged, compared to its average volume of 33,044. The company has a 50-day simple moving average of $6.22 and a 200-day simple moving average of $5.64. The stock has a market capitalization of $11.05 billion, a PE ratio of 25.55 and a beta of 0.47. Telia Company AB has a 1 year low of $4.34 and a 1 year high of $6.71. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.78 and a current ratio of 0.83.

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) last released its earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share for the quarter. The company had revenue of $2.09 billion for the quarter. Telia Company AB (publ) had a net margin of 5.37% and a return on equity of 1.90%. As a group, equities analysts anticipate that Telia Company AB will post 0.39 EPS for the current year.

Telia Company AB (publ) Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.099 per share. This is a boost from Telia Company AB (publ)'s previous dividend of $0.10. The ex-dividend date of this dividend is Thursday, October 31st. Telia Company AB (publ)'s dividend payout ratio is currently 90.91%.

About Telia Company AB (publ)

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.