TeliaSonera AB (OTCMKTS:TLSNY) Short Interest Update

Key Points

• Short interest surged 4,232.1% to 3,639 shares as of July 31, up from 84 shares on July 15. Despite the percentage increase, short interest represents approximately 0.0% of shares outstanding, with a 0.0-day days-to-cover ratio.
• Analyst opinions remain mixed, ranging from Citigroup’s “strong buy” to Berenberg Bank’s “strong sell”; the overall consensus rating is “Hold.”
• TeliaSonera recently traded at $8.99 and reported quarterly EPS of $0.12, beating estimates by $0.01, while revenue of $2.15 billion slightly exceeded expectations.

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,639 shares, a growth of 4,232.1% from the July 15th total of 84 shares. Based on an average trading volume of 202,653 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Berenberg Bank cut shares of TeliaSonera from a "hold" rating to a "strong sell" rating in a research note on Friday, June 12th. Barclays upgraded shares of TeliaSonera from a "strong sell" rating to a "hold" rating in a research 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 given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

TeliaSonera Price Performance

OTCMKTS TLSNY traded up $0.06 on Tuesday, reaching $8.99. 77,520 shares of the stock traded hands, compared to its average volume of 64,846. TeliaSonera has a 12 month low of $7.13 and a 12 month high of $10.98. The company has a market cap of $17.67 billion, a price-to-earnings ratio of 33.30 and a beta of 0.37. The firm's fifty day simple moving average is $9.69 and its 200 day simple moving average is $9.94. The company has a quick ratio of 0.62, a current ratio of 0.66 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 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 business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.14 billion. As a group, research analysts predict that TeliaSonera will post 0.45 EPS for the current fiscal year.

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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