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

TeliaSonera AB (OTCMKTS:TLSNY)’s stock price gapped up before the market opened on Thursday. The stock had previously closed at $8.71, but opened at $9.13. TeliaSonera shares last traded at $9.15, with a volume of 10,210 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded TeliaSonera from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

TeliaSonera Trading Up 4.5%

The stock has a market capitalization of $17.89 billion, a P/E ratio of 33.70 and a beta of 0.37. The stock’s fifty day moving average price is $9.10 and its 200 day moving average price is $9.72. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.66 and a quick ratio of 0.62.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings data on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. TeliaSonera had a net margin of 6.26% and a return on equity of 9.20%. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.14 billion. Research analysts forecast that TeliaSonera AB will post 0.45 earnings per share 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.