Telia Company AB (publ) (OTCMKTS:TLSNY) Issues Quarterly Earnings Results

Telia Company AB (publ) (OTCMKTS:TLSNY) released its quarterly earnings results on Thursday. The technology company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.07), Zacks reports. Telia Company AB (publ) had a return on equity of 1.90% and a net margin of 5.37%.

Telia Company AB (publ) Stock Up 0.3 %

TLSNY stock traded up $0.02 during trading on Thursday, hitting $5.83. 21,014 shares of the company’s stock traded hands, compared to its average volume of 59,181. Telia Company AB has a 1 year low of $4.53 and a 1 year high of $6.71. The business has a fifty day simple moving average of $5.58 and a two-hundred day simple moving average of $5.87. The firm has a market capitalization of $11.46 billion, a P/E ratio of 26.50 and a beta of 0.48. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.66.

Telia Company AB (publ) Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 27th. Investors of record on Friday, February 7th will be paid a dividend of $0.0893 per share. The ex-dividend date is Friday, February 7th. Telia Company AB (publ)’s dividend payout ratio is presently 86.37%.

Analysts Set New Price Targets

Separately, Barclays cut Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th.

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.