TeliaSonera (OTCMKTS:TLSNY) Sees Unusually-High Trading Volume - Here's Why

Key Points

• TeliaSonera experienced an 181% increase in trading volume, with around 170,975 shares traded, compared to 60,841 shares in the previous session.
• Equities analysts have mixed ratings for TeliaSonera, with one Strong Buy, three Holds, and one Sell, leading to a current consensus rating of "Hold."
• The company recently cut its dividend, paying $0.062 to shareholders, which represents a substantial yield of 362.0%.

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 170,975 shares traded hands during mid-day trading, an increase of 181% from the previous session's volume of 60,841 shares.The stock last traded at $7.50 and had previously closed at $7.62.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Kepler Capital Markets upgraded TeliaSonera from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 22nd. Redburn Atlantic lowered TeliaSonera from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Finally, Citigroup upgraded shares of TeliaSonera to a "hold" rating in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold".

TeliaSonera Price Performance

The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.82 and a current ratio of 0.86. The stock has a 50 day moving average of $7.37 and a two-hundred day moving average of $7.31. The firm has a market capitalization of $14.78 billion, a P/E ratio of 35.81 and a beta of 0.38.

TeliaSonera (OTCMKTS:TLSNY - Get Free Report) last released its quarterly earnings data on Friday, July 18th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. TeliaSonera had a return on equity of 10.33% and a net margin of 5.19%.The business had revenue of $2.03 billion for the quarter, compared to analysts' expectations of $20.05 billion. Sell-side analysts predict that TeliaSonera AB will post 0.34 earnings per share for the current fiscal year.

TeliaSonera Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, August 20th. Shareholders of record on Friday, August 1st were paid a $0.062 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a yield of 362.0%. TeliaSonera's dividend payout ratio is presently 95.24%.

About TeliaSonera

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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