TeliaSonera (OTCMKTS:TLSNY) Shares Cross Above Fifty Day Moving Average - Time to Sell?

Key Points

• TeliaSonera shares recently crossed above their 50-day moving average of $10.10, trading as high as $10.29 and last at $10.27 on a volume of 48,482 shares.
• Analyst moves include Citigroup upgrading the stock to a Strong-Buy while UBS downgraded it to a Hold; overall there are two Strong Buy and two Hold ratings, giving an average rating of Buy.
• The latest quarter showed an EPS miss of ($0.07) versus $0.09 expected but revenue beat at $2.41 billion; the company has a market cap of $20.19 billion and a PE of 57.06.

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $10.10 and traded as high as $10.29. TeliaSonera shares last traded at $10.27, with a volume of 48,482 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on TLSNY. Citigroup raised TeliaSonera from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 14th. UBS Group lowered TeliaSonera from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, TeliaSonera currently has an average rating of "Buy".

TeliaSonera Trading Up 2.3%

The firm has a market cap of $20.19 billion, a PE ratio of 57.06 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.50. The business has a fifty day moving average price of $10.10 and a 200 day moving average price of $8.90.

TeliaSonera (OTCMKTS:TLSNY - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The technology company reported ($0.07) EPS for the quarter, missing analysts' consensus estimates 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%. Analysts forecast that TeliaSonera AB will post 0.49 EPS for the current year.

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.

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