TeliaSonera (OTCMKTS:TLSNY) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Shares of TeliaSonera AB (OTCMKTS:TLSNY) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.66 and traded as high as $10.05. TeliaSonera shares last traded at $10.01, with a volume of 44,698 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. UBS Group downgraded TeliaSonera from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Citigroup raised shares of TeliaSonera from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

TeliaSonera Stock Performance

The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.50. The firm’s fifty day moving average is $9.72 and its 200 day moving average is $8.55. The company has a market cap of $19.50 billion, a PE ratio of 55.11 and a beta of 0.35.

TeliaSonera (OTCMKTS:TLSNY) last announced its earnings results on Thursday, January 29th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.16). The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.32 billion. TeliaSonera had a net margin of 4.35% and a return on equity of 8.90%. As a group, research analysts predict that TeliaSonera AB will post 0.34 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.