Telia Company AB (publ) (OTCMKTS:TLSNY) Short Interest Down 41.0% in October

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

Telia Company AB (publ) Price Performance

TLSNY stock opened at $5.44 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $10.70 billion, a P/E ratio of 112.00 and a beta of 0.47. The business has a 50 day simple moving average of $6.21 and a 200-day simple moving average of $5.66. Telia Company AB has a twelve month low of $4.37 and a twelve month high of $6.71.

Telia Company AB (publ) (OTCMKTS:TLSNY) last posted its quarterly earnings data on Thursday, October 24th. The technology company reported $0.11 EPS for the quarter. The firm had revenue of $2.09 billion during 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 anticipate that Telia Company AB will post 0.39 EPS for the current year.

Telia Company AB (publ) Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be paid a $0.099 dividend. 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 dividend payout ratio (DPR) is 86.37%.

Wall Street Analyst Weigh In

Several research firms recently commented on TLSNY. Barclays downgraded Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th. New Street Research raised shares of Telia Company AB (publ) to a “hold” rating in a report on Thursday, September 26th. Finally, BNP Paribas upgraded shares of Telia Company AB (publ) to a “strong-buy” rating in a report on Monday, September 16th.

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.