TeliaSonera (TLSNY) Projected to Post Earnings on Thursday

TeliaSonera (OTCMKTS:TLSNY) is expected to be posting its results before the market opens on Thursday, January 29th. Analysts expect TeliaSonera to post earnings of $0.08 per share for the quarter.

TeliaSonera Stock Up 1.0%

Shares of OTCMKTS:TLSNY opened at $9.09 on Tuesday. TeliaSonera has a 1 year low of $5.68 and a 1 year high of $9.15. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 1.45. The business has a fifty day simple moving average of $8.27 and a 200 day simple moving average of $7.77.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TLSNY shares. Citigroup raised TeliaSonera from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. UBS Group downgraded TeliaSonera from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen raised shares of TeliaSonera from a “hold” rating to a “buy” rating in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

About TeliaSonera

TeliaSonera (OTCMKTS:TLSNY) operates under the Telia Company brand as one of the leading telecommunications providers in the Nordic and Baltic regions. The company delivers a wide range of services, including mobile and fixed voice communications, broadband internet, television and streaming offerings, and enterprise-grade data and IP solutions. Its consumer segment focuses on mobile subscriptions, digital TV packages and home connectivity, while its business division provides managed network services, cloud platforms and Internet of Things (IoT) applications.

The roots of TeliaSonera trace back to the 19th century with Sweden’s Royal Telegraph Agency and Finland’s national carrier, Sonera.