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

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

Several other analysts also recently issued reports on TLSNY. BNP Paribas raised shares of 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.

Telia Company AB (publ) Price Performance

Shares of OTCMKTS TLSNY traded down $0.07 during midday trading on Wednesday, hitting $5.62. The company had a trading volume of 51,745 shares, compared to its average volume of 33,044. 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 has a twelve month low of $4.34 and a twelve month high of $6.71. The business has a 50-day simple moving average of $6.22 and a two-hundred day simple moving average of $5.64. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 25.55 and a beta of 0.47.

Telia Company AB (publ) (OTCMKTS:TLSNY) last announced its earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share (EPS) for the quarter. Telia Company AB (publ) had a net margin of 5.37% and a return on equity of 1.90%. The company had revenue of $2.09 billion during the quarter. Equities 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 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. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Telia Company AB (publ)’s previous dividend of $0.10. Telia Company AB (publ)’s payout ratio is currently 90.91%.

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.