TeliaSonera (OTCMKTS:TLSNY) Shares Gap Up – What’s Next?

Shares of TeliaSonera AB (OTCMKTS:TLSNY) gapped up prior to trading on Thursday. The stock had previously closed at $9.77, but opened at $10.1299. TeliaSonera shares last traded at $9.8060, with a volume of 2,693 shares trading hands.

TeliaSonera Price Performance

The company has a fifty day moving average of $9.36 and a 200-day moving average of $9.74. 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 market cap of $19.25 billion, a PE ratio of 34.96 and a beta of 0.36.

TeliaSonera (OTCMKTS:TLSNY) last announced its earnings results on Thursday, October 22nd. The technology company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.08 billion. TeliaSonera had a return on equity of 9.82% and a net margin of 6.54%. Sell-side analysts expect that TeliaSonera AB will post 0.43 EPS for the current fiscal year.

TeliaSonera Company Profile

TeliaSonera, now known as Telia Company, is a telecommunications and digital services provider headquartered in Sweden. The company was formed in 2002 through the merger of Sweden’s Telia and Finland’s Sonera, and adopted the Telia Company name in 2016. Telia provides mobile and fixed-line communications, broadband, television and related digital services to consumers and businesses. Its business also includes network and connectivity solutions for organizations. The company serves customers across the Nordic and Baltic regions, including Sweden, Finland, Norway, Denmark, Estonia, Latvia and Lithuania.