Telia Company AB (publ) (OTCMKTS:TLSNY) Downgraded by Barclays to “Strong Sell”

Barclays cut shares of Telia Company AB (publ) (OTCMKTS:TLSNY) from a hold rating to a strong sell rating in a report released on Wednesday,Zacks.com reports.

A number of other research firms have also recently commented on TLSNY. New Street Research upgraded Telia Company AB (publ) to a “hold” rating in a research note on Thursday, September 26th. BNP Paribas upgraded Telia Company AB (publ) to a “strong-buy” rating in a research note on Monday, September 16th.

Telia Company AB (publ) Trading Down 1.2 %

TLSNY opened at $5.62 on Wednesday. Telia Company AB has a one year low of $4.34 and a one year high of $6.71. The stock has a market capitalization of $11.05 billion, a PE ratio of 25.55 and a beta of 0.47. The business’s 50 day moving average price is $6.22 and its 200 day moving average price is $5.64. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.78 and a current ratio of 0.83.

Telia Company AB (publ) (OTCMKTS:TLSNY) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $0.11 EPS for the quarter. Telia Company AB (publ) had a return on equity of 1.90% and a net margin of 5.37%. The company had revenue of $2.09 billion for the quarter. As a group, equities research analysts expect that Telia Company AB will post 0.39 EPS for the current year.

Telia Company AB (publ) Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be paid a $0.099 dividend. This is a boost from Telia Company AB (publ)’s previous dividend of $0.10. The ex-dividend date of this dividend is Thursday, October 31st. Telia Company AB (publ)’s dividend payout ratio (DPR) is presently 90.91%.

Telia Company AB (publ) Company Profile

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.