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TeliaSonera (OTCMKTS:TLSNY) Sees Large Volume Increase - Still a Buy?

TeliaSonera logo with Computer and Technology background

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report) saw strong trading volume on Tuesday . 122,402 shares traded hands during mid-day 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.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on TLSNY

TeliaSonera Stock Performance

The business has a 50 day moving average price of $7.47 and a 200 day moving average price of $6.67. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 1.37.

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

About TeliaSonera

(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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