TeliaSonera (OTCMKTS:TLSNY) Shares Climb 6.5% – Here’s What Happened

TeliaSonera AB (OTCMKTS:TLSNY) shares shot up 6.5% during trading on Friday. The stock traded as high as $9.29 and last traded at $9.2733. 2,813 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 73,439 shares. The stock had previously closed at $8.71.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

TeliaSonera Price Performance

The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 34.41 and a beta of 0.37. The stock has a fifty day simple moving average of $9.10 and a 200-day simple moving average of $9.72. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.46.

TeliaSonera (OTCMKTS:TLSNY) last issued its quarterly earnings results on Friday, July 17th. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. TeliaSonera had a return on equity of 9.20% and a net margin of 6.26%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.14 billion. As a group, equities research analysts expect that TeliaSonera AB will post 0.43 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.