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TeliaSonera (OTCMKTS:TLSNY) Sees Large Volume Increase - Should You Buy?

TeliaSonera logo with Computer and Technology background

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report) shares saw an uptick in trading volume on Tuesday . 122,402 shares were traded during trading, an increase of 164% from the previous session's volume of 46,415 shares.The stock last traded at $7.33 and had previously closed at $7.29.

Analysts Set New Price Targets

Separately, Redburn Atlantic downgraded TeliaSonera from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th.

Get Our Latest Stock Report on TeliaSonera

TeliaSonera Stock Up 1.1%

The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 22.33, a P/E/G ratio of 2.92 and a beta of 0.40. The company has a current ratio of 0.97, a quick ratio of 0.92 and a debt-to-equity ratio of 1.37. The firm's 50 day moving average is $7.48 and its two-hundred day moving average is $6.65.

TeliaSonera (OTCMKTS:TLSNY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.04. TeliaSonera had a return on equity of 9.19% and a net margin of 7.99%. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $21.51 billion. On average, sell-side analysts predict that TeliaSonera AB will post 0.34 EPS for the current year.

TeliaSonera Company Profile

(Get Free Report)

Telia Company AB (publ) provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. It offers mobile, broadband, television, and fixed-line services; and networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, enterprise telephony, Internet of Things (IoT), carrier ethernet, dedicated internet access, wavelengths, IP Transit, dark fiber, and colocation solutions.

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