TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Up 1,341.1% in August

TeliaSonera AB (OTCMKTS:TLSNYGet Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,614 shares, an increase of 1,341.1% from the August 15th total of 112 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 119,707 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several analysts have commented on TLSNY shares. Barclays raised shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Berenberg Bank downgraded shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, TeliaSonera has an average rating of “Hold”.

View Our Latest Research Report on TeliaSonera

TeliaSonera Trading Up 0.9%

Shares of TeliaSonera stock opened at $9.35 on Friday. The stock has a market capitalization of $18.38 billion, a P/E ratio of 34.63 and a beta of 0.37. TeliaSonera has a 52-week low of $7.36 and a 52-week high of $10.98. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.62 and a current ratio of 0.66. The stock’s 50-day simple moving average is $9.22 and its 200 day simple moving average is $9.89.

TeliaSonera (OTCMKTS:TLSNYGet Free Report) last issued its earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.14 billion. TeliaSonera had a net margin of 6.26% and a return on equity of 9.20%. As a group, research analysts anticipate that TeliaSonera will post 0.45 EPS for the current year.

About TeliaSonera

(Get Free Report)

TeliaSonera, now operating under the name Telia Company AB, is a telecommunications and digital services provider headquartered in Solna, Sweden. The company offers mobile and fixed-line communications, broadband, television, and related digital services to consumers, businesses, and public-sector organizations.

Telia’s consumer services include mobile voice and data plans, fiber and fixed broadband, pay television, and home communications solutions. Through its enterprise operations, the company provides connectivity, communications, information technology, and managed services designed to support businesses and government customers.

The company traces its history to Sweden’s former state telecommunications operator, Telia, and Finland’s Sonera.

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