TeliaSonera (OTCMKTS:TLSNY) Sees Strong Trading Volume – Here’s What Happened

TeliaSonera AB (OTCMKTS:TLSNY) shares saw unusually-strong trading volume on Tuesday . Approximately 122,402 shares traded hands during trading, an increase of 164% from the previous session’s volume of 46,415 shares.The stock last traded at $7.33 and had previously closed at $7.29.

Analyst Ratings Changes

Separately, Redburn Atlantic cut TeliaSonera from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 10th.

TeliaSonera Trading Up 1.1%

The stock has a market cap of $14.49 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 2.92 and a beta of 0.40. The firm’s 50 day simple moving average is $7.48 and its two-hundred day simple moving average is $6.65. The company has a quick ratio of 0.92, a current ratio of 0.97 and a debt-to-equity ratio of 1.37.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.04. TeliaSonera had a return on equity of 9.19% and a net margin of 7.99%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $21.51 billion. As a group, equities research analysts predict that TeliaSonera AB will post 0.34 earnings per share for the current fiscal year.

About TeliaSonera

Telia Company AB (publ) provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. It offers mobile, broadband, television, and fixed-line services; and networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, enterprise telephony, Internet of Things (IoT), carrier ethernet, dedicated internet access, wavelengths, IP Transit, dark fiber, and colocation solutions.