TeliaSonera (OTCMKTS:TLSNY) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of TeliaSonera AB (OTCMKTS:TLSNYGet Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.98 and traded as high as $8.51. TeliaSonera shares last traded at $8.47, with a volume of 19,332 shares traded.

Wall Street Analyst Weigh In

TLSNY has been the topic of a number of research analyst reports. Wall Street Zen upgraded TeliaSonera from a “hold” rating to a “buy” rating in a research note on Wednesday, November 5th. Citigroup upgraded TeliaSonera to a “hold” rating in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Read Our Latest Analysis on TeliaSonera

TeliaSonera Price Performance

The company has a debt-to-equity ratio of 1.45, a current ratio of 0.90 and a quick ratio of 0.85. The stock has a 50-day simple moving average of $7.98 and a 200-day simple moving average of $7.58.

TeliaSonera (OTCMKTS:TLSNYGet Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.10 billion. TeliaSonera had a return on equity of 10.49% and a net margin of 5.48%. On average, equities research analysts predict that TeliaSonera AB will post 0.34 EPS for the current fiscal year.

About TeliaSonera

(Get Free Report)

TeliaSonera (OTCMKTS:TLSNY) operates under the Telia Company brand as one of the leading telecommunications providers in the Nordic and Baltic regions. The company delivers a wide range of services, including mobile and fixed voice communications, broadband internet, television and streaming offerings, and enterprise-grade data and IP solutions. Its consumer segment focuses on mobile subscriptions, digital TV packages and home connectivity, while its business division provides managed network services, cloud platforms and Internet of Things (IoT) applications.

The roots of TeliaSonera trace back to the 19th century with Sweden’s Royal Telegraph Agency and Finland’s national carrier, Sonera.

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