TeliaSonera (OTCMKTS:TLSNY) Share Price Passes Below 200 Day Moving Average – What’s Next?

TeliaSonera AB (OTCMKTS:TLSNY) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.94 and traded as low as $8.9240. TeliaSonera shares last traded at $8.93, with a volume of 125,897 shares traded.

Analyst Ratings Changes

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

TeliaSonera Stock Down 0.6%

The firm has a market capitalization of $17.58 billion, a P/E ratio of 33.11 and a beta of 0.37. 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 business’s fifty day moving average price is $9.66 and its two-hundred day moving average price is $9.95.

TeliaSonera (OTCMKTS:TLSNY) last posted its quarterly earnings data on Friday, July 17th. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. TeliaSonera had a net margin of 6.26% and a return on equity of 9.20%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.14 billion. Equities analysts expect that TeliaSonera AB will post 0.45 earnings per share for the current fiscal year.

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.