TeliaSonera AB (OTCMKTS:TLSNY) Sees Significant Growth in Short Interest

TeliaSonera AB (OTCMKTS:TLSNY – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 59,888 shares, a growth of 467.3% from the September 15th total of 10,556 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 179,663 shares, the short-interest ratio is currently 0.3 days.

TeliaSonera Trading Down 5.0%

OTCMKTS:TLSNY opened at $8.61 on Friday. 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 firm’s fifty day moving average is $9.13 and its 200-day moving average is $9.75. The firm has a market cap of $16.93 billion, a P/E ratio of 31.89 and a beta of 0.37.

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TeliaSonera (OTCMKTS:TLSNY – Get Free Report) last announced 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 business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.14 billion. TeliaSonera had a net margin of 6.26% and a return on equity of 9.20%. Equities analysts expect that TeliaSonera will post 0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Berenberg Bank lowered TeliaSonera from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. Barclays upgraded TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, TeliaSonera currently has a consensus rating of “Hold”.

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TeliaSonera Company Profile

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TeliaSonera, now known as Telia Company AB, is a telecommunications and digital services provider headquartered in Sweden. The company offers mobile and fixed-line communications, broadband, data connectivity, television, digital content, and information technology services to consumers, businesses, and public-sector organizations.

Its consumer operations provide mobile voice and data services, home broadband, television, and related digital products. Telia also serves enterprise customers with telecommunications networks, cloud connectivity, security, managed services, and other communications solutions.

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