Telia Company AB (publ) (OTCMKTS:TLSNY) Announces Quarterly Earnings Results

Telia Company AB (publ) (OTCMKTS:TLSNY) announced 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 net margin of 5.37% and a return on equity of 1.90%.

Telia Company AB (publ) Stock Up 3.8 %

Shares of OTCMKTS TLSNY opened at $5.94 on Friday. The stock has a market cap of $11.68 billion, a PE ratio of 116.60 and a beta of 0.48. Telia Company AB has a 52-week low of $4.53 and a 52-week high of $6.71. The business has a 50-day moving average price of $5.59 and a 200 day moving average price of $5.87. 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 company also recently disclosed a dividend, which will be paid on Thursday, February 27th. Shareholders 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 payout ratio is 86.37%.

Analyst Ratings Changes

Separately, Barclays cut shares of 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) Company Profile

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.