Telia Company AB (publ) (OTCMKTS:TLSNY) Short Interest Update

Telia Company AB (publ) (OTCMKTS:TLSNY) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 36,900 shares, a decline of 41.0% from the October 15th total of 62,500 shares. Based on an average daily volume of 72,100 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TLSNY. BNP Paribas upgraded Telia Company AB (publ) to a “strong-buy” rating in a research report on Monday, September 16th. Barclays lowered Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th. Finally, New Street Research raised shares of Telia Company AB (publ) to a “hold” rating in a research note on Thursday, September 26th.

Telia Company AB (publ) Trading Up 2.2 %

TLSNY stock traded up $0.12 during midday trading on Friday, reaching $5.55. The company’s stock had a trading volume of 81,231 shares, compared to its average volume of 55,400. Telia Company AB has a 1 year low of $4.44 and a 1 year high of $6.71. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.78 and a current ratio of 0.83. The firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of 25.23 and a beta of 0.47. The stock has a fifty day simple moving average of $6.16 and a two-hundred day simple moving average of $5.66.

Telia Company AB (publ) (OTCMKTS:TLSNY) last issued its quarterly earnings results on Thursday, October 24th. The technology company reported $0.11 EPS for the quarter. Telia Company AB (publ) had a net margin of 5.37% and a return on equity of 1.90%. The business had revenue of $2.09 billion during the quarter. On average, equities research analysts predict that Telia Company AB will post 0.39 EPS for the current year.

Telia Company AB (publ) Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.099 per share. The ex-dividend date of this dividend is Thursday, October 31st. This is an increase from Telia Company AB (publ)’s previous dividend of $0.10. Telia Company AB (publ)’s dividend payout ratio (DPR) is currently 86.37%.

About Telia Company AB (publ)

Telia Company AB (publ) provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. It offers mobile, broadband, television, and fixed-line services; and networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, enterprise telephony, Internet of Things (IoT), carrier ethernet, dedicated internet access, wavelengths, IP Transit, dark fiber, and colocation solutions.