TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Update

Key Points

• Short interest plunged 96.9% to 112 shares as of August 14, representing effectively 0.0% of TeliaSonera’s shares outstanding and a 0.0-day days-to-cover ratio.
• TeliaSonera shares traded at $9.28, below both the 50-day moving average of $9.41 and the 200-day moving average of $9.94. The stock has a 12-month range of $7.33 to $10.98 and a market capitalization of $18.25 billion.
• The company slightly beat quarterly expectations, reporting $0.12 EPS versus the $0.11 estimate and $2.15 billion in revenue versus $2.14 billion expected. Analyst opinions remain mixed, resulting in a consensus “Hold” rating.

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 112 shares, a decrease of 96.9% from the July 30th total of 3,639 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 140,293 shares, the days-to-cover ratio is currently 0.0 days.

TeliaSonera Price Performance

Shares of TLSNY traded up $0.11 during mid-day trading on Tuesday, reaching $9.28. The company had a trading volume of 40,815 shares, compared to its average volume of 65,270. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $18.25 billion, a P/E ratio of 34.37 and a beta of 0.37. TeliaSonera has a twelve month low of $7.33 and a twelve month high of $10.98. The company's 50-day moving average is $9.41 and its 200-day moving average is $9.94.

TeliaSonera (OTCMKTS:TLSNY - Get Free Report) last announced its quarterly 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 return on equity of 9.20% and a net margin of 6.26%.The firm had revenue of $2.15 billion for the quarter, compared to analysts' expectations of $2.14 billion. On average, equities analysts anticipate that TeliaSonera will post 0.45 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Berenberg Bank downgraded shares of TeliaSonera from a "hold" rating to a "strong sell" rating in a research note on Friday, June 12th. Barclays raised shares of TeliaSonera from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 23rd. Finally, Citigroup upgraded shares of TeliaSonera to a "strong-buy" rating in a research report on Thursday, May 7th. One 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. Based on data from MarketBeat, TeliaSonera has a consensus rating of "Hold".

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.

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