TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Update

TeliaSonera AB (OTCMKTS:TLSNY) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,614 shares, a growth of 1,341.1% from the August 15th total of 112 shares. Based on an average daily trading volume, of 119,707 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

TeliaSonera Stock Down 0.1%

Shares of OTCMKTS:TLSNY opened at $9.34 on Friday. The business’s 50 day moving average is $9.22 and its 200 day moving average is $9.89. The stock has a market cap of $18.36 billion, a P/E ratio of 34.59 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 quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.46.

TeliaSonera (OTCMKTS:TLSNY) last issued its earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.14 billion. TeliaSonera had a return on equity of 9.20% and a net margin of 6.26%. Sell-side analysts predict that TeliaSonera will post 0.45 EPS for the current year.

Analyst Upgrades and Downgrades

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

About TeliaSonera

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.