TeliaSonera (OTCMKTS:TLSNY) Posts Quarterly Earnings Results

TeliaSonera (OTCMKTS:TLSNY) posted its quarterly earnings results on Friday. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01, Zacks reports. TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%.

TeliaSonera Stock Performance

Shares of TeliaSonera stock opened at $9.28 on Friday. The company’s 50 day moving average price is $10.17 and its two-hundred day moving average price is $9.85. The firm has a market capitalization of $18.25 billion, a P/E ratio of 37.12 and a beta of 0.36. TeliaSonera has a fifty-two week low of $6.67 and a fifty-two week high of $10.98. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.74 and a quick ratio of 0.69.

Analyst Upgrades and Downgrades

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

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.