TeliaSonera (OTCMKTS:TLSNY) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

TeliaSonera AB (OTCMKTS:TLSNY) shares passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.19 and traded as high as $10.6135. TeliaSonera shares last traded at $10.60, with a volume of 89,808 shares traded.

Analyst Ratings Changes

A number of research firms have weighed in on TLSNY. Citigroup upgraded shares of TeliaSonera from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. UBS Group lowered shares of TeliaSonera from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TeliaSonera presently has a consensus rating of “Buy”.

TeliaSonera Stock Up 1.0%

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 50-day simple moving average is $10.19 and its 200 day simple moving average is $9.12. The firm has a market cap of $20.84 billion, a P/E ratio of 42.40 and a beta of 0.35.

TeliaSonera (OTCMKTS:TLSNY) last released its earnings results on Friday, April 24th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.21 billion. TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%. Research analysts anticipate 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.