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

TeliaSonera AB (OTCMKTS:TLSNY) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.91 and traded as low as $9.09. TeliaSonera shares last traded at $9.25, with a volume of 77,734 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TLSNY shares. Citigroup raised shares of TeliaSonera to a “strong-buy” rating in a report on Thursday, May 7th. Barclays raised shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Finally, Berenberg Bank lowered shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

TeliaSonera Trading Down 1.4%

The business has a 50 day simple moving average of $9.87 and a 200 day simple moving average of $9.91. 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 has a market cap of $18.19 billion, a price-to-earnings ratio of 34.26 and a beta of 0.36.

TeliaSonera (OTCMKTS:TLSNY) last announced its earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.14 billion. TeliaSonera had a return on equity of 9.10% and a net margin of 6.26%. As a group, equities analysts forecast that TeliaSonera AB will post 0.45 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.