TeliaSonera AB (OTCMKTS:TLSNY) Sees Significant Drop in Short Interest

TeliaSonera AB (OTCMKTS:TLSNY) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 84 shares, a decline of 99.8% from the June 30th total of 51,764 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 269,348 shares, the short-interest ratio is currently 0.0 days.

TeliaSonera Trading Up 0.4%

Shares of OTCMKTS:TLSNY opened at $9.12 on Friday. The firm has a market cap of $17.93 billion, a price-to-earnings ratio of 33.78 and a beta of 0.36. TeliaSonera has a 12 month low of $6.74 and a 12 month high of $10.98. The company’s fifty day simple moving average is $10.02 and its 200 day simple moving average is $9.88. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 1.33.

TeliaSonera (OTCMKTS:TLSNY) last announced its earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.14 billion. TeliaSonera had a net margin of 6.26% and a return on equity of 9.10%. As a group, research analysts forecast that TeliaSonera will post 0.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TLSNY. Barclays upgraded TeliaSonera from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Citigroup upgraded TeliaSonera to a “strong-buy” rating in a report on Thursday, May 7th. Finally, Berenberg Bank lowered TeliaSonera from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

About TeliaSonera

TeliaSonera (OTCMKTS:TLSNY) operates under the Telia Company brand as one of the leading telecommunications providers in the Nordic and Baltic regions. The company delivers a wide range of services, including mobile and fixed voice communications, broadband internet, television and streaming offerings, and enterprise-grade data and IP solutions. Its consumer segment focuses on mobile subscriptions, digital TV packages and home connectivity, while its business division provides managed network services, cloud platforms and Internet of Things (IoT) applications.

The roots of TeliaSonera trace back to the 19th century with Sweden’s Royal Telegraph Agency and Finland’s national carrier, Sonera.