Redburn Atlantic cut shares of Telia Company AB (publ) (OTCMKTS:TLSNY - Free Report) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.
Telia Company AB (publ) Trading Down 1.5%
Telia Company AB (publ) stock traded down $0.11 during trading hours on Tuesday, reaching $7.39. The company had a trading volume of 53,794 shares, compared to its average volume of 43,633. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.81 and a quick ratio of 0.77. The company has a 50-day moving average price of $7.43 and a 200 day moving average price of $6.58. The firm has a market cap of $14.53 billion, a price-to-earnings ratio of 21.74, a P/E/G ratio of 3.14 and a beta of 0.40. Telia Company AB has a 12-month low of $5.00 and a 12-month high of $8.10.
Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The technology company reported $0.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.04. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $21.51 billion. Telia Company AB (publ) had a return on equity of 6.59% and a net margin of 7.95%. Equities analysts forecast that Telia Company AB will post 0.34 earnings per share for the current year.
Telia Company AB (publ) Increases Dividend
The firm also recently disclosed a dividend, which was paid on Thursday, May 1st. Stockholders of record on Friday, April 11th were given a $0.0996 dividend. This is a positive change from Telia Company AB (publ)'s previous dividend of $0.09. The ex-dividend date of this dividend was Friday, April 11th. Telia Company AB (publ)'s dividend payout ratio (DPR) is currently 81.82%.
About Telia Company AB (publ)
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Telia Company AB (publ) provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. It offers mobile, broadband, television, and fixed-line services; and networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, enterprise telephony, Internet of Things (IoT), carrier ethernet, dedicated internet access, wavelengths, IP Transit, dark fiber, and colocation solutions.
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