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Telia Company AB (publ) (OTCMKTS:TLSNY) Reaches New 52-Week High - Here's What Happened

Telia Company AB (publ) logo with Computer and Technology background

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $8.10 and last traded at $7.82, with a volume of 295516 shares trading hands. The stock had previously closed at $7.73.

Telia Company AB (publ) Stock Down 2.0%

The business has a 50-day simple moving average of $7.39 and a two-hundred day simple moving average of $6.54. The stock has a market capitalization of $15.06 billion, a P/E ratio of 22.53, a PEG ratio of 3.14 and a beta of 0.40. The company has a quick ratio of 0.77, a current ratio of 0.81 and a debt-to-equity ratio of 1.48.

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.04. Telia Company AB (publ) had a return on equity of 6.59% and a net margin of 7.95%. The firm had revenue of $2.08 billion for the quarter, compared to analysts' expectations of $21.51 billion. Equities research analysts forecast that Telia Company AB will post 0.34 earnings per share for the current fiscal year.

Telia Company AB (publ) Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, May 1st. Stockholders of record on Friday, April 11th were issued a dividend of $0.0996 per share. The ex-dividend date was Friday, April 11th. This is a boost from Telia Company AB (publ)'s previous dividend of $0.09. Telia Company AB (publ)'s dividend payout ratio is presently 81.82%.

About Telia Company AB (publ)

(Get Free Report)

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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