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

TeliaSonera AB (OTCMKTS:TLSNY)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $9.70, but opened at $9.38. TeliaSonera shares last traded at $9.42, with a volume of 2,412 shares traded.

Analyst Ratings Changes

TLSNY has been the subject of a number of analyst reports. Berenberg Bank downgraded TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. Barclays upgraded TeliaSonera from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Finally, Citigroup raised TeliaSonera to a “strong-buy” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

TeliaSonera Stock Up 0.9%

The stock has a market capitalization of $18.50 billion, a P/E ratio of 37.64 and a beta of 0.37. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.33. The stock’s 50 day simple moving average is $10.37 and its 200 day simple moving average is $9.77.

TeliaSonera (OTCMKTS:TLSNY) last released its earnings results on Friday, April 24th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.21 billion. TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%. As a group, research analysts predict that TeliaSonera AB will post 0.49 EPS for the current fiscal year.

About TeliaSonera

TeliaSonera (OTCMKTS:TLSNY) operates under the Telia Company brand as one of the leading telecommunications providers in the Nordic and Baltic regions. The company delivers a wide range of services, including mobile and fixed voice communications, broadband internet, television and streaming offerings, and enterprise-grade data and IP solutions. Its consumer segment focuses on mobile subscriptions, digital TV packages and home connectivity, while its business division provides managed network services, cloud platforms and Internet of Things (IoT) applications.

The roots of TeliaSonera trace back to the 19th century with Sweden’s Royal Telegraph Agency and Finland’s national carrier, Sonera.