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

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

A number of other brokerages have also issued reports 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) Stock Down 1.2 %

Shares of OTCMKTS:TLSNY opened at $5.62 on Wednesday. Telia Company AB has a 52-week low of $4.34 and a 52-week high of $6.71. The stock has a market cap of $11.05 billion, a P/E ratio of 25.55 and a beta of 0.47. The business’s 50 day moving average is $6.22 and its 200 day moving average is $5.64. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 1.69.

Telia Company AB (publ) (OTCMKTS:TLSNY) last announced its earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $2.09 billion for the quarter. Telia Company AB (publ) had a return on equity of 1.90% and a net margin of 5.37%. Sell-side analysts predict that Telia Company AB will post 0.39 EPS for the current year.

Telia Company AB (publ) Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.099 per share. This is a positive change 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 payout ratio is 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.