TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Up 66.6% in May

TeliaSonera AB (OTCMKTS:TLSNYGet Free Report) was the target of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 73,595 shares, an increase of 66.6% from the May 14th total of 44,172 shares. Based on an average daily volume of 119,188 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

TeliaSonera Stock Performance

Shares of TLSNY opened at $10.92 on Monday. The firm has a market cap of $21.47 billion, a PE ratio of 43.68 and a beta of 0.35. The stock’s fifty day moving average price is $10.46 and its two-hundred day moving average price is $9.59. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.74 and a quick ratio of 0.69. TeliaSonera has a 1 year low of $6.67 and a 1 year high of $10.98.

TeliaSonera (OTCMKTS:TLSNYGet Free Report) last issued its earnings results on Friday, April 24th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.21 billion. TeliaSonera had a net margin of 5.98% and a return on equity of 8.67%. On average, equities research analysts forecast that TeliaSonera will post 0.49 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised TeliaSonera to a “strong-buy” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on TLSNY

About TeliaSonera

(Get Free Report)

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.

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