TeliaSonera (OTCMKTS:TLSNY) Shares Gap Down – What’s Next?

TeliaSonera AB (OTCMKTS:TLSNY – Get Free Report)’s stock price gapped down before the market opened on Friday. The stock had previously closed at $9.06, but opened at $8.71. TeliaSonera shares last traded at $8.72, with a volume of 60,567 shares trading hands.

Wall Street Analysts Forecast Growth

TLSNY has been the subject of several recent analyst reports. Berenberg Bank lowered shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. Barclays raised shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

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TeliaSonera Stock Down 4.4%

The stock has a 50-day moving average of $9.15 and a 200 day moving average of $9.76. The company has a market capitalization of $17.03 billion, a PE ratio of 32.07 and a beta of 0.37. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.46.

TeliaSonera (OTCMKTS:TLSNY – Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $2.15 billion for 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%. Sell-side analysts anticipate that TeliaSonera AB will post 0.45 EPS for the current year.

TeliaSonera Company Profile

(Get Free Report)

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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