TeliaSonera (OTCMKTS:TLSNY) Releases Earnings Results, Beats Estimates By $0.01 EPS

TeliaSonera (OTCMKTS:TLSNY) announced its quarterly earnings data on Friday. The technology company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01, Zacks reports. TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%.

TeliaSonera Stock Performance

Shares of TLSNY stock opened at $9.28 on Friday. The company’s fifty day simple moving average is $10.17 and its 200-day simple moving average is $9.85. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 1.33. The firm has a market cap of $18.25 billion, a PE ratio of 37.12 and a beta of 0.36. TeliaSonera has a 12 month low of $6.67 and a 12 month high of $10.98.

Wall Street Analyst Weigh In

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

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.