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

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

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

Telia Company AB (publ) Stock Performance

Shares of TLSNY stock opened at $6.41 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.87 and a current ratio of 0.92. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of 320.45 and a beta of 0.46. Telia Company AB has a one year low of $3.95 and a one year high of $6.71. The company’s 50-day moving average is $6.14 and its 200 day moving average is $5.41.

Telia Company AB (publ) (OTCMKTS:TLSNY) last released its quarterly earnings data on Thursday, July 18th. The technology company reported $0.07 EPS for the quarter. Telia Company AB (publ) had a return on equity of 0.53% and a net margin of 4.71%. The company had revenue of $2.09 billion for the quarter. Sell-side analysts expect that Telia Company AB will post 0.32 EPS 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. Shareholders of record on Thursday, August 1st were issued a dividend of $0.0954 per share. The ex-dividend date was Thursday, August 1st. Telia Company AB (publ)’s dividend payout ratio is currently 1,050.00%.

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.