Short Interest in Telia Company AB (publ) (OTCMKTS:TLSNY) Grows By 24.2%

Telia Company AB (publ) (OTCMKTS:TLSNY) saw 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 trading volume of 115,700 shares, the short-interest ratio is presently 0.3 days.

Telia Company AB (publ) Trading Up 0.9 %

Telia Company AB (publ) stock opened at $5.60 on Friday. Telia Company AB has a 12 month low of $4.53 and a 12 month high of $6.71. The stock has a market cap of $11.01 billion, a price-to-earnings ratio of 25.46 and a beta of 0.48. The business has a 50 day moving average price of $5.56 and a two-hundred day moving average price of $5.85. 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) (OTCMKTS:TLSNY) last issued its earnings results on Thursday, October 24th. The technology company reported $0.11 EPS for the quarter. Telia Company AB (publ) had a return on equity of 1.90% and a net margin of 5.37%. The business had revenue of $2.09 billion during the quarter. As a group, equities analysts forecast that Telia Company AB will post 0.31 EPS for the current year.

Telia Company AB (publ) Cuts Dividend

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

Analysts Set New Price Targets

Several equities analysts have commented on the stock. New Street Research raised shares of Telia Company AB (publ) to a “hold” rating in a research report on Thursday, September 26th. Barclays downgraded Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a research note 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.