TeliaSonera (OTCMKTS:TLSNY) Stock Passes Above 50 Day Moving Average - Should You Sell?

Key Points

• TeliaSonera's stock has recently surpassed its 50-day moving average of $7.36, trading at $7.56 with a high of $7.66 during the session.
• The company experienced a downgrade from Redburn Atlantic, shifting its rating from "strong-buy" to "hold."
• TeliaSonera has declared a dividend of $0.062, with a yield of 3.62% and a dividend payout ratio of 100%.

TeliaSonera AB (OTCMKTS:TLSNY - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $7.36 and traded as high as $7.66. TeliaSonera shares last traded at $7.56, with a volume of 40,339 shares traded.

Wall Street Analysts Forecast Growth

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

TeliaSonera Price Performance

The company has a 50-day moving average price of $7.36 and a two-hundred day moving average price of $6.91. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.97 and a quick ratio of 0.92. The company has a market cap of $14.86 billion, a PE ratio of 36.00 and a beta of 0.37.

TeliaSonera (OTCMKTS:TLSNY - Get Free Report) last issued its earnings results on Friday, July 18th. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.01. TeliaSonera had a return on equity of 10.31% and a net margin of 5.19%. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $20.05 billion. Sell-side analysts expect that TeliaSonera AB will post 0.34 earnings per share for the current fiscal year.

TeliaSonera Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, August 20th. Investors of record on Friday, August 1st will be paid a $0.062 dividend. This represents a dividend yield of 3.62%. The ex-dividend date is Thursday, July 31st. TeliaSonera's dividend payout ratio (DPR) is 100.00%.

About TeliaSonera

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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