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

TeliaSonera AB (OTCMKTS:TLSNY) shares gapped down prior to trading 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 Analyst Weigh In

A number of research analysts recently weighed in on TLSNY shares. Barclays raised TeliaSonera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Berenberg Bank downgraded TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. One research 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 company has an average rating of “Hold”.

TeliaSonera Stock Down 4.4%

The company has a market cap of $17.03 billion, a price-to-earnings ratio of 32.07 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 $9.15 and its two-hundred day moving average is $9.76.

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 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.