Telia Company AB (publ) (OTCMKTS:TLSNY) Short Interest Update

Telia Company AB (publ) (OTCMKTS:TLSNY) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 62,500 shares, an increase of 49.2% from the September 30th total of 41,900 shares. Based on an average daily trading volume, of 69,400 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

TLSNY has been the topic of a number of research reports. BNP Paribas raised Telia Company AB (publ) to a “strong-buy” rating in a research report on Monday, September 16th. New Street Research raised shares of Telia Company AB (publ) to a “hold” rating in a research note on Thursday, September 26th.

Telia Company AB (publ) Stock Up 1.7 %

TLSNY traded up $0.10 during midday trading on Friday, reaching $6.09. 22,048 shares of the company were exchanged, compared to its average volume of 33,277. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 304.50 and a beta of 0.46. Telia Company AB has a one year low of $4.11 and a one year high of $6.71. The company’s fifty day moving average price is $6.27 and its 200 day moving average price is $5.57. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.87 and a current ratio of 0.92.

Telia Company AB (publ) (OTCMKTS:TLSNY) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $0.11 EPS for the quarter. The business had revenue of $2.09 billion during the quarter. Telia Company AB (publ) had a return on equity of 0.53% and a net margin of 4.71%. As a group, analysts expect that Telia Company AB will post 0.39 EPS 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. Investors of record on Thursday, October 31st will be issued a dividend of $0.099 per share. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Telia Company AB (publ)’s previous dividend of $0.10. Telia Company AB (publ)’s payout ratio is 950.00%.

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.