TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Update

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

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of TeliaSonera to a “strong-buy” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

TeliaSonera Stock Down 0.9%

Shares of TLSNY stock traded down $0.10 on Thursday, reaching $10.51. 8,297 shares of the stock were exchanged, compared to its average volume of 48,476. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.33. The business’s 50 day moving average price is $10.20 and its 200 day moving average price is $9.16. The company has a market capitalization of $20.66 billion, a price-to-earnings ratio of 42.04 and a beta of 0.35. TeliaSonera has a twelve month low of $6.67 and a twelve month high of $10.98.

TeliaSonera (OTCMKTS:TLSNY) last released its quarterly earnings data on Friday, April 24th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). TeliaSonera had a net margin of 5.98% and a return on equity of 8.67%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.21 billion. As a group, sell-side analysts expect that TeliaSonera will post 0.49 earnings per share for the current fiscal year.

About TeliaSonera

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.