Telia Company AB (publ) (OTCMKTS:TLSNY) Announces Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) released its quarterly earnings results on Thursday. The technology company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.07), Zacks reports. Telia Company AB (publ) had a return on equity of 1.90% and a net margin of 5.37%.

Telia Company AB (publ) Trading Up 3.8 %

Shares of OTCMKTS:TLSNY traded up $0.22 during midday trading on Friday, reaching $5.94. The company's stock had a trading volume of 56,845 shares, compared to its average volume of 57,969. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of 27.00 and a beta of 0.48. The business has a 50 day moving average price of $5.59 and a 200 day moving average price of $5.88. Telia Company AB has a 1 year low of $4.53 and a 1 year high of $6.71. 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 (publ) Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 7th will be issued a dividend of $0.0893 per share. The ex-dividend date of this dividend is Friday, February 7th. Telia Company AB (publ)'s dividend payout ratio (DPR) is 86.37%.

Wall Street Analysts Forecast Growth

Separately, Barclays cut shares of Telia Company AB (publ) from a "hold" rating to a "strong sell" rating in a research note on Wednesday, November 6th.

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.