TeliaSonera (OTCMKTS:TLSNY) Shares Gap Down – Should You Sell?

Shares of TeliaSonera AB (OTCMKTS:TLSNY) gapped down before the market opened on Thursday . The stock had previously closed at $9.70, but opened at $9.38. TeliaSonera shares last traded at $9.42, with a volume of 2,412 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TLSNY shares. Barclays raised TeliaSonera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Berenberg Bank cut TeliaSonera from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. Finally, Citigroup raised TeliaSonera to a “strong-buy” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

TeliaSonera Stock Performance

The company has a debt-to-equity ratio of 1.33, a current ratio of 0.74 and a quick ratio of 0.69. The company’s fifty day moving average price is $10.34 and its 200 day moving average price is $9.78. The company has a market cap of $18.42 billion, a PE ratio of 37.48 and a beta of 0.36.

TeliaSonera (OTCMKTS:TLSNY) last released its quarterly earnings results on Friday, April 24th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%.The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.21 billion. On average, equities research analysts predict that TeliaSonera AB will post 0.49 earnings per share for the current 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.