TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Update

TeliaSonera AB (OTCMKTS:TLSNY) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 10,556 shares, a growth of 554.0% from the August 31st total of 1,614 shares. Based on an average daily trading volume, of 153,067 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TLSNY. Barclays raised TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Berenberg Bank cut TeliaSonera from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

TeliaSonera Stock Performance

Shares of TLSNY stock opened at $9.18 on Friday. The firm has a market cap of $18.05 billion, a price-to-earnings ratio of 34.00 and a beta of 0.37. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.62 and a current ratio of 0.66. TeliaSonera has a 52 week low of $7.36 and a 52 week high of $10.98. The firm’s 50-day simple moving average is $9.22 and its two-hundred day simple moving average is $9.84.

TeliaSonera (OTCMKTS:TLSNY) last released its earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share 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 the consensus estimate of $2.14 billion. As a group, equities analysts forecast that TeliaSonera will post 0.45 earnings per share for the current year.

About TeliaSonera

TeliaSonera, now operating under the name Telia Company AB, is a telecommunications and digital services provider headquartered in Solna, Sweden. The company offers mobile and fixed-line communications, broadband, television, and related digital services to consumers, businesses, and public-sector organizations.

Telia’s consumer services include mobile voice and data plans, fiber and fixed broadband, pay television, and home communications solutions. Through its enterprise operations, the company provides connectivity, communications, information technology, and managed services designed to support businesses and government customers.

The company traces its history to Sweden’s former state telecommunications operator, Telia, and Finland’s Sonera.