Telia Company AB (publ) (OTCMKTS:TLSNY) Short Interest Up 24.2% in December

Telia Company AB (publ) (OTCMKTS:TLSNY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 30,800 shares, an increase of 24.2% from the December 15th total of 24,800 shares. Based on an average daily trading volume, of 115,700 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. New Street Research raised shares of Telia Company AB (publ) to a “hold” rating in a research report on Thursday, September 26th. Barclays cut Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 6th.

Telia Company AB (publ) Trading Up 1.6 %

Shares of Telia Company AB (publ) stock opened at $5.55 on Friday. Telia Company AB has a 52-week low of $4.53 and a 52-week high of $6.71. The firm has a market capitalization of $10.91 billion, a PE ratio of 25.23 and a beta of 0.48. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.91 and a quick ratio of 0.86. The company’s fifty day moving average price is $5.56 and its two-hundred day moving average price is $5.85.

Telia Company AB (publ) (OTCMKTS:TLSNY) last issued its earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share 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 for the quarter. On average, analysts expect that Telia Company AB will post 0.31 EPS for the current year.

Telia Company AB (publ) Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 7th will be issued a $0.0893 dividend. The ex-dividend date is Friday, February 7th. Telia Company AB (publ)’s payout ratio is presently 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.