Short Interest in TeliaSonera AB (OTCMKTS:TLSNY) Drops By 99.8%

TeliaSonera AB (OTCMKTS:TLSNY) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 84 shares, a decline of 99.8% from the June 30th total of 51,764 shares. Based on an average daily volume of 269,348 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

TeliaSonera Trading Up 0.4%

Shares of TeliaSonera stock traded up $0.04 on Friday, reaching $9.12. The company had a trading volume of 151,548 shares, compared to its average volume of 62,276. The firm has a market cap of $17.93 billion, a price-to-earnings ratio of 33.78 and a beta of 0.36. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.74 and a quick ratio of 0.69. The firm’s 50-day moving average price is $10.02 and its two-hundred day moving average price is $9.88. TeliaSonera has a 1 year low of $6.74 and a 1 year high of $10.98.

TeliaSonera (OTCMKTS:TLSNY) last released its quarterly earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.14 billion. TeliaSonera had a return on equity of 9.10% and a net margin of 6.26%. As a group, research analysts predict that TeliaSonera will post 0.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TLSNY has been the topic of a number of recent research reports. Citigroup raised shares of TeliaSonera to a “strong-buy” rating in a research note on Thursday, May 7th. Berenberg Bank downgraded shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. Finally, Barclays upgraded shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus 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.