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

TeliaSonera AB (OTCMKTS:TLSNY) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 112 shares, a decline of 96.9% from the July 30th total of 3,639 shares. Based on an average daily volume of 140,293 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

TeliaSonera Stock Down 1.4%

OTCMKTS TLSNY opened at $9.15 on Thursday. TeliaSonera has a 52 week low of $7.33 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. The business’s fifty day simple moving average is $9.37 and its 200-day simple moving average is $9.94. The firm has a market cap of $17.99 billion, a PE ratio of 33.89 and a beta of 0.37.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings data 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. TeliaSonera had a net margin of 6.26% and a return on equity of 9.20%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.14 billion. As a group, equities analysts anticipate that TeliaSonera will post 0.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TLSNY shares. Citigroup upgraded shares of TeliaSonera to a “strong-buy” rating in a research report on Thursday, May 7th. Barclays raised shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Berenberg Bank downgraded shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TeliaSonera currently has a consensus rating of “Hold”.

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.