TeliaSonera (OTCMKTS:TLSNY) Announces Earnings Results

TeliaSonera (OTCMKTS:TLSNY) issued its earnings results on Thursday. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.16), reports. TeliaSonera had a return on equity of 8.87% and a net margin of 4.35%.The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.32 billion.

TeliaSonera Trading Up 1.1%

Shares of OTCMKTS TLSNY opened at $9.09 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 1.45. The business has a fifty day simple moving average of $8.39 and a two-hundred day simple moving average of $7.82. The firm has a market cap of $17.87 billion, a PE ratio of 50.50 and a beta of 0.35. TeliaSonera has a twelve month low of $5.75 and a twelve month high of $9.34.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Citigroup upgraded TeliaSonera from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Wall Street Zen raised TeliaSonera from a “hold” rating to a “buy” rating in a research report on Wednesday, November 5th. Finally, UBS Group lowered shares of TeliaSonera from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

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.