TeliaSonera (OTCMKTS:TLSNY) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

TeliaSonera AB (OTCMKTS:TLSNY)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.66 and traded as high as $10.05. TeliaSonera shares last traded at $10.01, with a volume of 44,698 shares changing hands.

Wall Street Analyst Weigh In

TLSNY has been the topic of a number of research reports. UBS Group cut TeliaSonera from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Citigroup raised TeliaSonera from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, TeliaSonera has a consensus rating of “Buy”.

TeliaSonera Price Performance

The stock has a market cap of $19.68 billion, a price-to-earnings ratio of 55.61 and a beta of 0.35. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The company’s 50-day moving average is $9.66 and its 200-day moving average is $8.52.

TeliaSonera (OTCMKTS:TLSNY) last released its quarterly earnings data on Thursday, January 29th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). TeliaSonera had a net margin of 4.35% and a return on equity of 8.90%. The company had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.32 billion. Equities research analysts expect that TeliaSonera AB will post 0.34 earnings per share for the current fiscal year.

About TeliaSonera

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.