Telia Company AB (publ) (OTCMKTS:TLSNY) Downgraded by Barclays to Strong Sell

Barclays downgraded shares of Telia Company AB (publ) (OTCMKTS:TLSNY) from a hold rating to a strong sell rating in a report issued on Wednesday morning,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. New Street Research raised shares of Telia Company AB (publ) to a “hold” rating in a report on Thursday, September 26th. BNP Paribas raised shares of Telia Company AB (publ) to a “strong-buy” rating in a research report on Monday, September 16th.

Telia Company AB (publ) Trading Down 1.2 %

TLSNY traded down $0.07 during trading on Wednesday, hitting $5.62. 51,745 shares of the stock were exchanged, compared to its average volume of 33,044. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.78 and a current ratio of 0.83. The firm has a 50 day simple moving average of $6.22 and a 200 day simple moving average of $5.64. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 25.55 and a beta of 0.47. Telia Company AB has a 1 year low of $4.34 and a 1 year high of $6.71.

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

Telia Company AB (publ) Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be given a $0.099 dividend. This is a boost from Telia Company AB (publ)’s previous dividend of $0.10. The ex-dividend date is Thursday, October 31st. Telia Company AB (publ)’s dividend payout ratio (DPR) is presently 90.91%.

About Telia Company AB (publ)

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.