TeliaSonera (OTCMKTS:TLSNY) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

by · The Markets Daily

TeliaSonera AB (OTCMKTS:TLSNY – Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.87 and traded as low as $9.68. TeliaSonera shares last traded at $9.68, with a volume of 43,437 shares.

Analysts Set New Price Targets

Several brokerages recently commented on TLSNY. Berenberg Bank cut TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. Barclays upgraded shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

Read Our Latest Analysis on TeliaSonera

TeliaSonera Stock Performance

The stock has a fifty day simple moving average of $9.25 and a two-hundred day simple moving average of $9.87. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.62 and a current ratio of 0.66. The stock has a market capitalization of $18.28 billion, a price-to-earnings ratio of 34.44 and a beta of 0.37.

TeliaSonera (OTCMKTS:TLSNY – Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The technology company reported $0.12 earnings per share (EPS) 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. Analysts forecast that TeliaSonera AB will post 0.45 earnings per share for the current fiscal year.

TeliaSonera Company Profile

(Get Free Report)

TeliaSonera, now operating under the name Telia Company AB, is a telecommunications and digital services provider headquartered in Solna, Sweden. The company offers mobile and fixed-line communications, broadband, television, and related digital services to consumers, businesses, and public-sector organizations.

Telia’s consumer services include mobile voice and data plans, fiber and fixed broadband, pay television, and home communications solutions. Through its enterprise operations, the company provides connectivity, communications, information technology, and managed services designed to support businesses and government customers.

The company traces its history to Sweden’s former state telecommunications operator, Telia, and Finland’s Sonera.

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