TeliaSonera (OTCMKTS:TLSNY) Shares Gap Down - Here's Why

Key Points

• TeliaSonera's shares gapped down from $7.36 to $7.05 before opening on Tuesday, with the latest trading price at $7.28.
• Analysts have mixed ratings on TeliaSonera, where one has rated it sell, two have given hold ratings, and two have rated it a strong buy.
• TeliaSonera recently cut its dividend to $0.062 per share, with a yield of 3.62% and a payout ratio of 100.00%.

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $7.36, but opened at $7.05. TeliaSonera shares last traded at $7.28, with a volume of 910 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TLSNY shares. Redburn Atlantic lowered TeliaSonera from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Kepler Capital Markets raised TeliaSonera from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat, TeliaSonera presently has a consensus rating of "Moderate Buy".

TeliaSonera Stock Performance

The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 33.90 and a beta of 0.37. The company has a current ratio of 0.86, a quick ratio of 0.92 and a debt-to-equity ratio of 1.55. The stock's fifty day simple moving average is $7.32 and its 200-day simple moving average is $6.96.

TeliaSonera (OTCMKTS:TLSNY - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The technology company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. TeliaSonera had a net margin of 5.19% and a return on equity of 10.33%. The business had revenue of $2.03 billion for the quarter, compared to analyst estimates of $20.05 billion. Analysts predict that TeliaSonera AB will post 0.34 EPS for the current year.

TeliaSonera Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Friday, August 1st will be issued a $0.062 dividend. This represents a dividend yield of 362.0%. The ex-dividend date is Thursday, July 31st. TeliaSonera's dividend payout ratio (DPR) is presently 100.00%.

TeliaSonera Company Profile

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.