TeliaSonera (OTCMKTS:TLSNY) Sees Large Volume Increase – Here’s What Happened

TeliaSonera AB (OTCMKTS:TLSNY) shares saw unusually-high trading volume on Tuesday . 206,421 shares were traded during trading, an increase of 274% from the previous session’s volume of 55,244 shares.The stock last traded at $9.2150 and had previously closed at $9.22.

Analysts Set New Price Targets

TLSNY has been the subject of a number of recent research reports. Barclays upgraded TeliaSonera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Berenberg Bank downgraded shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. Finally, Citigroup raised shares of TeliaSonera to a “strong-buy” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

TeliaSonera Trading Up 0.2%

The firm has a 50-day moving average of $10.28 and a 200 day moving average of $9.81. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $18.33 billion, a price-to-earnings ratio of 37.30 and a beta of 0.36.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings results on Friday, April 24th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.21 billion. TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%. As a group, equities analysts predict that TeliaSonera AB will post 0.49 EPS for the current fiscal year.

TeliaSonera Company Profile

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.