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

Shares of TeliaSonera AB (OTCMKTS:TLSNY) 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 traded.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TLSNY. Barclays raised TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Berenberg Bank cut TeliaSonera from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. One 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 stock. According to MarketBeat, the company currently has an average rating of “Hold”.

TeliaSonera Stock Down 4.1%

The company has a market cap of $18.24 billion, a price-to-earnings ratio of 34.37 and a beta of 0.37. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.62 and a current ratio of 0.66. The stock’s fifty day moving average is $9.25 and its two-hundred day moving average is $9.87.

TeliaSonera (OTCMKTS:TLSNY) last released its quarterly earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.14 billion. TeliaSonera had a return on equity of 9.20% and a net margin of 6.26%. Sell-side analysts predict that TeliaSonera AB will post 0.45 earnings per share for the current fiscal year.

TeliaSonera Company Profile

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.