TeliaSonera AB (OTCMKTS:TLSNY) Sees Large Drop in Short Interest

TeliaSonera AB (OTCMKTS:TLSNY – Get Free Report) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 13,991 shares, a drop of 70.2% from the April 15th total of 46,920 shares. Based on an average daily volume of 101,993 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

Several research firms have issued reports on TLSNY. UBS Group downgraded shares of TeliaSonera from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Citigroup raised TeliaSonera to a “strong-buy” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TeliaSonera currently has a consensus rating of “Buy”.

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TeliaSonera Stock Down 0.3%

Shares of OTCMKTS TLSNY opened at $10.57 on Wednesday. The firm has a 50-day moving average price of $10.19 and a 200 day moving average price of $9.14. The stock has a market capitalization of $20.78 billion, a price-to-earnings ratio of 42.28 and a beta of 0.35. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 1.33. TeliaSonera has a 52 week low of $6.67 and a 52 week high of $10.79.

TeliaSonera (OTCMKTS:TLSNY – Get Free Report) last released its quarterly earnings results on Friday, April 24th. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.21 billion. TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%. Equities research analysts anticipate that TeliaSonera will post 0.49 EPS for the current fiscal year.

TeliaSonera Company Profile

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TeliaSonera (OTCMKTS:TLSNY) operates under the Telia Company brand as one of the leading telecommunications providers in the Nordic and Baltic regions. The company delivers a wide range of services, including mobile and fixed voice communications, broadband internet, television and streaming offerings, and enterprise-grade data and IP solutions. Its consumer segment focuses on mobile subscriptions, digital TV packages and home connectivity, while its business division provides managed network services, cloud platforms and Internet of Things (IoT) applications.

The roots of TeliaSonera trace back to the 19th century with Sweden’s Royal Telegraph Agency and Finland’s national carrier, Sonera.

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