TeliaSonera (OTCMKTS:TLSNY) Shares Gap Down – Here’s What Happened

TeliaSonera AB (OTCMKTS:TLSNY – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $9.63, but opened at $9.30. TeliaSonera shares last traded at $9.32, with a volume of 2,537 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on TLSNY shares. Barclays raised shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Berenberg Bank lowered shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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View Our Latest Analysis on TLSNY

TeliaSonera Trading Down 4.1%

The stock has a market capitalization of $18.24 billion, a PE ratio of 34.37 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 50-day moving average price of $9.25 and a 200-day moving average price of $9.87.

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

TeliaSonera Company Profile

(Get Free Report)

TeliaSonera, now operating under the name Telia Company AB, is a telecommunications and digital services provider headquartered in Solna, Sweden. The company offers mobile and fixed-line communications, broadband, television, and related digital services to consumers, businesses, and public-sector organizations.

Telia’s consumer services include mobile voice and data plans, fiber and fixed broadband, pay television, and home communications solutions. Through its enterprise operations, the company provides connectivity, communications, information technology, and managed services designed to support businesses and government customers.

The company traces its history to Sweden’s former state telecommunications operator, Telia, and Finland’s Sonera.

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