Short Interest in TeliaSonera AB (OTCMKTS:TLSNY) Rises By 4,232.1%

TeliaSonera AB (OTCMKTS:TLSNY) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 3,639 shares, an increase of 4,232.1% from the July 15th total of 84 shares. Based on an average daily volume of 202,653 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

TeliaSonera Trading Up 0.7%

Shares of TLSNY traded up $0.06 during midday trading on Tuesday, hitting $8.99. The stock had a trading volume of 77,520 shares, compared to its average volume of 64,846. TeliaSonera has a fifty-two week low of $7.13 and a fifty-two week high of $10.98. The business has a 50-day simple moving average of $9.69 and a two-hundred day simple moving average of $9.94. The firm has a market cap of $17.67 billion, a P/E ratio of 33.30 and a beta of 0.37. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.46.

TeliaSonera (OTCMKTS:TLSNY) last released its quarterly earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $2.15 billion for 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, equities analysts forecast that TeliaSonera will post 0.45 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on TLSNY. Citigroup upgraded shares of TeliaSonera to a “strong-buy” rating in a research report on Thursday, May 7th. Barclays raised TeliaSonera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Berenberg Bank lowered TeliaSonera from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. One equities research 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 stock. Based on data from MarketBeat, TeliaSonera presently has an average rating of “Hold”.

TeliaSonera Company Profile

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.