TeliaSonera (OTCMKTS:TLSNY) Sees Unusually-High Trading Volume – What’s Next?

TeliaSonera AB (OTCMKTS:TLSNY – Get Free Report) shares saw strong trading volume on Tuesday. Approximately 181,606 shares changed hands during mid-day trading, an increase of 154% from the previous session’s volume of 71,447 shares. The stock last traded at $8.73 and had previously closed at $8.54.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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TeliaSonera Stock Performance

The stock has a market cap of $17.13 billion, a price-to-earnings ratio of 32.28 and a beta of 0.37. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.46. The firm has a fifty day simple moving average of $9.12 and a 200-day simple moving average of $9.74.

TeliaSonera (OTCMKTS:TLSNY – Get Free Report) last released its earnings results on Friday, July 17th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.14 billion. TeliaSonera had a return on equity of 9.20% and a net margin of 6.26%. Analysts forecast that TeliaSonera AB will post 0.45 EPS for the current fiscal year.

TeliaSonera Company Profile

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TeliaSonera, now known as Telia Company AB, is a telecommunications and digital services provider headquartered in Sweden. The company offers mobile and fixed-line communications, broadband, data connectivity, television, digital content, and information technology services to consumers, businesses, and public-sector organizations.

Its consumer operations provide mobile voice and data services, home broadband, television, and related digital products. Telia also serves enterprise customers with telecommunications networks, cloud connectivity, security, managed services, and other communications solutions.

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