TeliaSonera AB (OTCMKTS:TLSNY) Sees Significant Growth in Short Interest

Key Points

• Short interest surged 467.3% to 59,888 shares as of September 30, up from 10,556 shares two weeks earlier. Despite the increase, short interest represented 0.0% of shares outstanding, with a 0.3-day days-to-cover ratio.
• Analyst views remain mixed, but TeliaSonera carries a consensus “Hold” rating: one analyst rates it Strong Buy, two rate it Hold, and one rates it Sell.
• The stock was trading down 5.0% at $8.61, below its 50-day and 200-day moving averages. In its latest quarter, TeliaSonera reported EPS of $0.12 and revenue of $2.15 billion, both slightly exceeding estimates.

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 59,888 shares, an increase of 467.3% from the September 15th total of 10,556 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 179,663 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TLSNY shares. Barclays upgraded shares of TeliaSonera from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 23rd. Berenberg Bank downgraded shares of TeliaSonera from a "hold" rating to a "strong sell" rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

TeliaSonera Trading Down 5.0%

Shares of TLSNY stock opened at $8.61 on Friday. TeliaSonera has a twelve month low of $7.36 and a twelve month high of $10.98. The stock's fifty day simple moving average is $9.13 and its 200 day simple moving average is $9.75. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $16.93 billion, a P/E ratio of 31.89 and a beta of 0.37.

TeliaSonera (OTCMKTS:TLSNY - Get Free Report) last posted its earnings results on Friday, July 17th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. TeliaSonera had a return on equity of 9.20% and a net margin of 6.26%. The firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.14 billion. As a group, sell-side analysts predict that TeliaSonera will post 0.45 EPS for the current fiscal year.

TeliaSonera Company Profile

TeliaSonera, now known as Telia Company AB, is a telecommunications and digital services provider headquartered in Sweden. The company offers mobile and fixed-line communications, broadband, data connectivity, television, digital content, and information technology services to consumers, businesses, and public-sector organizations.

Its consumer operations provide mobile voice and data services, home broadband, television, and related digital products. Telia also serves enterprise customers with telecommunications networks, cloud connectivity, security, managed services, and other communications solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.