Short Interest in Telia Company AB (publ) (OTCMKTS:TLSNY) Increases By 470.4%

Telia Company AB (publ) (OTCMKTS:TLSNY – Get Rating) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 30,800 shares, a growth of 470.4% from the March 15th total of 5,400 shares. Based on an average daily volume of 96,800 shares, the days-to-cover ratio is currently 0.3 days.

TLSNY has been the topic of several analyst reports. Barclays lowered their price target on shares of Telia Company AB (publ) from SEK 45 to SEK 43 in a report on Friday, April 1st. JPMorgan Chase & Co. lowered their price target on shares of Telia Company AB (publ) from SEK 34 to SEK 33 and set an “underweight” rating on the stock in a report on Friday, January 21st. The Goldman Sachs Group raised shares of Telia Company AB (publ) from a “neutral” rating to a “buy” rating in a report on Tuesday, January 18th. Zacks Investment Research raised shares of Telia Company AB (publ) from a “sell” rating to a “hold” rating in a report on Friday, March 18th. Finally, UBS Group lowered their price target on shares of Telia Company AB (publ) from SEK 36.50 to SEK 36.40 and set a “neutral” rating on the stock in a report on Friday, January 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $30.41.

TLSNY stock opened at $8.18 on Wednesday. Telia Company AB has a one year low of $6.76 and a one year high of $9.16. The company’s fifty day moving average price is $7.75 and its 200-day moving average price is $7.83. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.94 and a current ratio of 0.99. The company has a market capitalization of $16.73 billion, a PE ratio of 12.03 and a beta of 0.29.

Telia Company AB (publ) (OTCMKTS:TLSNY – Get Rating) last released its quarterly earnings data on Friday, January 28th. The technology company reported $0.06 EPS for the quarter. Telia Company AB (publ) had a net margin of 13.49% and a return on equity of 15.73%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.53 billion. On average, research analysts predict that Telia Company AB will post 0.34 EPS for the current fiscal year.

The business also recently declared a dividend, which will be paid on Thursday, April 28th. Investors of record on Friday, April 8th will be given a $0.1493 dividend. The ex-dividend date of this dividend is Thursday, April 7th. This represents a yield of 3.89%. Telia Company AB (publ)’s dividend payout ratio is currently 44.12%.

Telia Company AB (publ) Company Profile (Get Rating)

Telia Co AB engages in the provision of network access and telecommunication services. It operates through the following geographical segments: Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and TV and Media. It focuses in the mobile, television, and fixed-line operations. The company was founded in 1853 and is headquartered in Solna, Sweden.

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