TeliaSonera (OTCMKTS:TLSNY) Shares Gap Up – Time to Buy?

Shares of TeliaSonera AB (OTCMKTS:TLSNY) gapped up before the market opened on Thursday. The stock had previously closed at $9.77, but opened at $10.1299. TeliaSonera shares last traded at $9.8060, with a volume of 2,693 shares traded.

TeliaSonera Trading Up 0.2%

The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of 34.96 and a beta of 0.36. The business’s 50-day simple moving average is $9.36 and its two-hundred day simple moving average is $9.74. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.46.

TeliaSonera (OTCMKTS:TLSNY) last issued its quarterly earnings data on Thursday, October 22nd. The technology company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.13 by $0.01. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.08 billion. TeliaSonera had a net margin of 6.54% and a return on equity of 9.82%. Equities analysts forecast that TeliaSonera AB will post 0.43 earnings per share for the current year.

TeliaSonera Company Profile

TeliaSonera, now known as Telia Company, is a telecommunications and digital services provider headquartered in Sweden. The company was formed in 2002 through the merger of Sweden’s Telia and Finland’s Sonera, and adopted the Telia Company name in 2016. Telia provides mobile and fixed-line communications, broadband, television and related digital services to consumers and businesses. Its business also includes network and connectivity solutions for organizations. The company serves customers across the Nordic and Baltic regions, including Sweden, Finland, Norway, Denmark, Estonia, Latvia and Lithuania.