TeliaSonera (OTCMKTS:TLSNY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of TeliaSonera AB (OTCMKTS:TLSNY) saw unusually-strong trading volume on Tuesday. Approximately 181,606 shares were traded during 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.

Analyst Ratings Changes

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

TeliaSonera Trading Down 0.1%

The company has a market cap of $17.12 billion, a P/E ratio of 32.26 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. The business has a 50-day moving average price of $9.10 and a two-hundred day moving average price of $9.72.

TeliaSonera (OTCMKTS:TLSNY) last posted its quarterly earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating 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%. On average, analysts predict that TeliaSonera AB will post 0.45 EPS for the current year.

TeliaSonera Company Profile

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.