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TeliaSonera (OTCMKTS:TLSNY) Shares Cross Above 50 Day Moving Average - Here's What Happened

TeliaSonera logo with Computer and Technology background
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Key Points

  • Shares crossed above its 50-day moving average, trading as high as $10.63 and last at $10.3844; the 50‑day MA is $10.02 while the 200‑day MA is $8.77.
  • Analyst opinions are mixed but the consensus is a "Buy" (two Strong Buy, two Hold); UBS recently downgraded to Hold while Citigroup upgraded to Strong Buy.
  • The latest quarter showed a miss on EPS (‑$0.07 vs. $0.09 expected) though revenue beat at $2.41B, and the stock carries a market cap of $20.42B with a PE of 57.69.
  • MarketBeat previews top five stocks to own in June.

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.02 and traded as high as $10.63. TeliaSonera shares last traded at $10.3844, with a volume of 32,240 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group lowered TeliaSonera from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 13th. Citigroup upgraded shares of TeliaSonera from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy".

Check Out Our Latest Analysis on TeliaSonera

TeliaSonera Stock Down 2.0%

The stock has a market cap of $20.42 billion, a PE ratio of 57.69 and a beta of 0.33. The firm has a fifty day moving average of $10.02 and a 200 day moving average of $8.77. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.

TeliaSonera (OTCMKTS:TLSNY - Get Free Report) last posted its earnings results on Thursday, January 29th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.16). The business had revenue of $2.41 billion during the quarter, compared to analysts' expectations of $2.32 billion. TeliaSonera had a net margin of 4.35% and a return on equity of 8.90%. On average, equities research analysts anticipate that TeliaSonera AB will post 0.34 EPS for the current fiscal year.

About TeliaSonera

(Get Free Report)

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.

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