TeliaSonera (OTCMKTS:TLSNY) Sees Strong Trading Volume – Still a Buy?

TeliaSonera AB (OTCMKTS:TLSNY) shares saw unusually-strong trading volume on Tuesday . 206,421 shares changed hands during mid-day trading, an increase of 274% from the previous session’s volume of 55,244 shares.The stock last traded at $9.2150 and had previously closed at $9.22.

Analyst Ratings Changes

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

TeliaSonera Stock Down 0.1%

The stock has a market capitalization of $18.11 billion, a P/E ratio of 36.84 and a beta of 0.36. 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 stock has a fifty day moving average price of $10.34 and a 200 day moving average price of $9.79.

TeliaSonera (OTCMKTS:TLSNY) last issued its quarterly earnings data on Friday, April 24th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%.The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.21 billion. On average, research analysts forecast that TeliaSonera AB will post 0.49 earnings per share for the current 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.