Short Interest in Telia Company AB (publ) (OTCMKTS:TLSNY) Decreases By 41.0%

Telia Company AB (publ) (OTCMKTS:TLSNY) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 36,900 shares, a decline of 41.0% from the October 15th total of 62,500 shares. Based on an average daily volume of 72,100 shares, the short-interest ratio is presently 0.5 days.

Analyst Ratings Changes

Several analysts have issued reports on TLSNY shares. BNP Paribas upgraded Telia Company AB (publ) to a “strong-buy” rating in a report on Monday, September 16th. New Street Research raised shares of Telia Company AB (publ) to a “hold” rating in a report on Thursday, September 26th. Finally, 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) Price Performance

TLSNY stock opened at $5.44 on Wednesday. Telia Company AB has a 52-week low of $4.37 and a 52-week high of $6.71. The business has a fifty day moving average of $6.21 and a two-hundred day moving average of $5.66. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 112.00 and a beta of 0.47. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 1.69.

Telia Company AB (publ) (OTCMKTS:TLSNY) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $2.09 billion for the quarter. Telia Company AB (publ) had a net margin of 5.37% and a return on equity of 1.90%. As a group, research analysts anticipate that Telia Company AB will post 0.39 earnings per share for the current year.

Telia Company AB (publ) Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.099 per share. This is a boost from Telia Company AB (publ)’s previous dividend of $0.10. The ex-dividend date of this dividend is Thursday, October 31st. Telia Company AB (publ)’s dividend payout ratio is 86.37%.

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.