Telia Company AB (publ) (OTCMKTS:TLSNY) Lowered to “Hold” Rating by Redburn Atlantic

Redburn Atlantic downgraded shares of Telia Company AB (publ) (OTCMKTS:TLSNY) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Telia Company AB (publ) Price Performance

Telia Company AB (publ) stock opened at $7.34 on Tuesday. The firm has a 50-day moving average price of $7.40 and a 200-day moving average price of $6.55. The firm has a market capitalization of $14.43 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 3.14 and a beta of 0.40. The company has a current ratio of 0.81, a quick ratio of 0.77 and a debt-to-equity ratio of 1.48. Telia Company AB has a 12-month low of $5.00 and a 12-month high of $8.10.

Telia Company AB (publ) (OTCMKTS:TLSNY) last released its earnings results on Thursday, April 24th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $21.51 billion. Telia Company AB (publ) had a net margin of 7.95% and a return on equity of 6.59%. As a group, equities research analysts forecast that Telia Company AB will post 0.34 EPS for the current year.

Telia Company AB (publ) Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, May 1st. Investors of record on Friday, April 11th were paid a $0.0996 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from Telia Company AB (publ)’s previous dividend of $0.09. Telia Company AB (publ)’s dividend payout ratio (DPR) is currently 81.82%.

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.