Telia Company AB (publ) (OTCMKTS:TLSNY) Sees Large Growth in Short Interest

Telia Company AB (publ) (OTCMKTS:TLSNYGet Rating) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 47,400 shares, a growth of 327.0% from the April 15th total of 11,100 shares. Based on an average daily trading volume, of 86,500 shares, the days-to-cover ratio is currently 0.5 days.

Shares of TLSNY stock opened at $7.94 on Thursday. The firm has a market cap of $16.24 billion, a price-to-earnings ratio of 11.85 and a beta of 0.23. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.94 and a current ratio of 0.99. Telia Company AB has a 52 week low of $6.76 and a 52 week high of $9.16. The firm’s 50-day simple moving average is $7.90 and its two-hundred day simple moving average is $7.83.

The business also recently disclosed a dividend, which was paid on Thursday, April 28th. Shareholders of record on Friday, April 8th were given a $0.1493 dividend. This represents a yield of 3.89%. The ex-dividend date was Thursday, April 7th. Telia Company AB (publ)’s dividend payout ratio is 44.78%.

TLSNY has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of Telia Company AB (publ) from SEK 45 to SEK 43 in a research report on Friday, April 1st. UBS Group dropped 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 research report on Friday, January 21st. JPMorgan Chase & Co. dropped 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 research report on Friday, January 21st. Zacks Investment Research raised shares of Telia Company AB (publ) from a “sell” rating to a “hold” rating in a research report on Friday, March 18th. Finally, The Goldman Sachs Group raised shares of Telia Company AB (publ) from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 18th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $37.47.

About Telia Company AB (publ) (Get Rating)

Telia Company AB (publ) provides communication services in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. The company offers mobile, broadband, television, and fixed-line services to businesses, individuals, families, and communities. It provides 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, colocation, and IoT connectivity solutions, as well as broadcasting and content production services, and customer financing services.

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