Short Interest in TeliaSonera AB (OTCMKTS:TLSNY) Grows By 4,232.1%

TeliaSonera AB (OTCMKTS:TLSNY) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 3,639 shares, an increase of 4,232.1% from the July 15th total of 84 shares. Based on an average daily trading volume, of 202,653 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

TeliaSonera Trading Up 0.7%

OTCMKTS:TLSNY opened at $8.99 on Wednesday. TeliaSonera has a 12 month low of $7.13 and a 12 month high of $10.98. The firm has a fifty day simple moving average of $9.66 and a 200-day simple moving average of $9.95. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $17.67 billion, a P/E ratio of 33.30 and a beta of 0.37.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings data on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. TeliaSonera had a net margin of 6.26% and a return on equity of 9.20%. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.14 billion. On average, equities research analysts anticipate that TeliaSonera will post 0.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TLSNY. Berenberg Bank lowered TeliaSonera from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. Barclays raised TeliaSonera from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Citigroup upgraded shares of TeliaSonera to a “strong-buy” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold”.

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.