TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Update

Key Points

• Short interest surged 1,341.1%, reaching 1,614 shares as of August 31, up from 112 shares on August 15. Despite the increase, short interest represented 0.0% of shares outstanding, with a days-to-cover ratio of 0.0.
• Analyst sentiment remains mixed, with ratings ranging from Strong Buy to Strong Sell; the overall consensus rating is Hold. Barclays upgraded the stock to Hold, while Berenberg downgraded it to Strong Sell.
• TeliaSonera shares recently traded at $9.35, while the company’s latest quarterly results modestly beat expectations, reporting $0.12 EPS versus the $0.11 consensus and $2.15 billion in revenue versus $2.14 billion expected.

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 1,614 shares, an increase of 1,341.1% from the August 15th total of 112 shares. Based on an average trading volume of 119,707 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company's stock are short sold.

Wall Street Analyst Weigh In

TLSNY has been the subject of several recent research reports. Barclays upgraded TeliaSonera from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 23rd. Berenberg Bank downgraded shares of TeliaSonera from a "hold" rating to a "strong sell" rating in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, TeliaSonera currently has a consensus rating of "Hold".

TeliaSonera Stock Performance

Shares of TLSNY traded up $0.08 on Thursday, reaching $9.35. 44,772 shares of the company's stock traded hands, compared to its average volume of 65,874. The stock's 50 day simple moving average is $9.22 and its two-hundred day simple moving average is $9.90. The stock has a market cap of $18.38 billion, a PE ratio of 34.63 and a beta of 0.37. TeliaSonera has a 52-week low of $7.36 and a 52-week high of $10.98. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.46.

TeliaSonera (OTCMKTS:TLSNY - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The technology company reported $0.12 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.14 billion. On average, analysts forecast that TeliaSonera will post 0.45 earnings per share for the current fiscal 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.

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