TeliaSonera AB (OTCMKTS:TLSNY) Sees Large Increase in Short Interest

TeliaSonera AB (OTCMKTS:TLSNY) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 73,595 shares, a growth of 66.6% from the May 14th total of 44,172 shares. Based on an average trading volume of 119,188 shares, the short-interest ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

TeliaSonera Stock Performance

OTCMKTS:TLSNY opened at $10.41 on Wednesday. The stock has a 50-day simple moving average of $10.46 and a two-hundred day simple moving average of $9.62. TeliaSonera has a 52-week low of $6.67 and a 52-week high of $10.98. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.69 and a current ratio of 0.74. The firm has a market capitalization of $20.47 billion, a PE ratio of 41.64 and a beta of 0.35.

TeliaSonera (OTCMKTS:TLSNY) last released its quarterly 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). TeliaSonera had a net margin of 5.98% and a return on equity of 8.67%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.21 billion. Analysts forecast that TeliaSonera will post 0.49 EPS for the current year.

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.