TeliaSonera (OTCMKTS:TLSNY) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

TeliaSonera AB (OTCMKTS:TLSNY)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $10.10 and traded as high as $10.29. TeliaSonera shares last traded at $10.27, with a volume of 48,482 shares.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TLSNY. Citigroup raised TeliaSonera from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. UBS Group downgraded TeliaSonera from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

TeliaSonera Stock Up 1.5%

The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $20.49 billion, a PE ratio of 57.89 and a beta of 0.33. The stock has a 50-day moving average of $10.11 and a 200 day moving average of $8.92.

TeliaSonera (OTCMKTS:TLSNY) last issued its quarterly earnings results on Friday, April 24th. The technology company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.21 billion. TeliaSonera had a net margin of 4.35% and a return on equity of 8.90%. Sell-side analysts anticipate that TeliaSonera AB will post 0.49 EPS for the current 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.