TeliaSonera (OTCMKTS:TLSNY) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

TeliaSonera AB (OTCMKTS:TLSNY)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.94 and traded as low as $9.12. TeliaSonera shares last traded at $9.12, with a volume of 86,521 shares changing hands.

Analyst Ratings Changes

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

TeliaSonera Price Performance

The stock has a market capitalization of $17.97 billion, a price-to-earnings ratio of 33.85 and a beta of 0.37. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.46. The stock has a 50-day simple moving average of $9.50 and a 200 day simple moving average of $9.95.

TeliaSonera (OTCMKTS:TLSNY) last issued its earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. TeliaSonera had a return on equity of 9.20% and a net margin of 6.26%.The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.14 billion. On average, equities research analysts forecast that TeliaSonera AB will post 0.45 EPS 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.