TeliaSonera (OTCMKTS:TLSNY) Stock Crosses Above 50-Day Moving Average - Here's Why

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)'s stock price crossed 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 trading hands.

Wall Street Analyst Weigh In

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

TeliaSonera Price Performance

The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $14.14 billion, a PE ratio of 34.24 and a beta of 0.37. The company has a 50-day moving average of $7.36 and a 200 day moving average of $6.94.

TeliaSonera (OTCMKTS:TLSNY - Get Free Report) last issued its earnings results on Friday, July 18th. The technology company reported $0.10 EPS for the quarter, beating analysts' consensus estimates 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 predict that TeliaSonera AB will post 0.34 EPS for the current year.

TeliaSonera Cuts Dividend

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