Telia Company AB (publ) (OTCMKTS:TLSNY) Upgraded to “Hold” at New Street Research

New Street Research upgraded shares of Telia Company AB (publ) (OTCMKTS:TLSNY) to a hold rating in a research report report published on Thursday, Zacks.com reports.

Separately, BNP Paribas raised Telia Company AB (publ) to a strong-buy rating in a research report on Monday, September 16th.

Telia Company AB (publ) Stock Down 3.6 %

OTCMKTS:TLSNY opened at $6.41 on Thursday. The business’s fifty day moving average price is $6.14 and its 200 day moving average price is $5.40. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 320.45 and a beta of 0.46. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.62. Telia Company AB has a 1-year low of $3.95 and a 1-year high of $6.71.

Telia Company AB (publ) (OTCMKTS:TLSNY) last issued its earnings results on Thursday, July 18th. The technology company reported $0.07 earnings per share for the quarter. The company had revenue of $2.09 billion for the quarter. Telia Company AB (publ) had a return on equity of 0.53% and a net margin of 4.71%. On average, sell-side analysts forecast that Telia Company AB will post 0.32 earnings per share for the current fiscal year.

Telia Company AB (publ) Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, August 21st. Investors of record on Thursday, August 1st were paid a dividend of $0.0954 per share. The ex-dividend date of this dividend was Thursday, August 1st. Telia Company AB (publ)’s dividend payout ratio is 1,050.00%.

About Telia Company AB (publ)

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.