Telia Company AB (publ) (OTCMKTS:TLSNY) Sees Significant Increase in Short Interest

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 30,800 shares, a growth of 24.2% from the December 15th total of 24,800 shares. Based on an average daily trading volume, of 115,700 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of analysts have commented on TLSNY shares. New Street Research upgraded shares of Telia Company AB (publ) to a "hold" rating in a report on Thursday, September 26th. Barclays lowered Telia Company AB (publ) from a "hold" rating to a "strong sell" rating in a research report on Wednesday, November 6th.

Telia Company AB (publ) Trading Up 0.9 %

Shares of OTCMKTS TLSNY traded up $0.05 during trading on Friday, hitting $5.60. 74,082 shares of the company were exchanged, compared to its average volume of 83,135. The company has a fifty day moving average price of $5.56 and a 200-day moving average price of $5.85. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.86 and a current ratio of 0.91. The firm has a market capitalization of $11.01 billion, a PE ratio of 25.46 and a beta of 0.48. Telia Company AB has a 12-month low of $4.53 and a 12-month high of $6.71.

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) last posted its earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share for the quarter. Telia Company AB (publ) had a net margin of 5.37% and a return on equity of 1.90%. The company had revenue of $2.09 billion for the quarter. As a group, equities research analysts expect that Telia Company AB will post 0.31 EPS for the current year.

Telia Company AB (publ) Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, February 7th will be given a $0.0893 dividend. The ex-dividend date of this dividend is Friday, February 7th. Telia Company AB (publ)'s payout ratio is 77.27%.

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.