TeliaSonera (OTCMKTS:TLSNY) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

TeliaSonera (OTCMKTS:TLSNY) issued its earnings results on Friday. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01, Zacks reports. TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%.The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.14 billion.

TeliaSonera Stock Performance

Shares of OTCMKTS TLSNY opened at $9.48 on Friday. The business’s 50-day simple moving average is $10.15 and its 200-day simple moving average is $9.85. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.69 and a current ratio of 0.74. TeliaSonera has a 52 week low of $6.74 and a 52 week high of $10.98. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 35.11 and a beta of 0.36.

Analysts Set New Price Targets

Several research firms have weighed in on TLSNY. Barclays upgraded shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. Berenberg Bank lowered TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. Finally, Citigroup upgraded TeliaSonera to a “strong-buy” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

TeliaSonera Company Profile

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.