TeliaSonera (OTCMKTS:TLSNY) Stock Price Breaks Below 200 Day Moving Average – Here’s What Happened

TeliaSonera AB (OTCMKTS:TLSNY) shares passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $9.80 and traded as low as $8.75. TeliaSonera shares last traded at $8.79, with a volume of 85,265 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TLSNY. Berenberg Bank cut TeliaSonera from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. Barclays raised TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, TeliaSonera has an average rating of “Hold”.

TeliaSonera Stock Up 2.3%

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 company has a market capitalization of $17.28 billion, a price-to-earnings ratio of 32.56 and a beta of 0.37. The firm’s 50-day simple moving average is $9.18 and its 200-day simple moving average is $9.80.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings data on Friday, July 17th. The technology company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. TeliaSonera had a net margin of 6.26% and a return on equity of 9.20%. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.14 billion. Sell-side analysts forecast that TeliaSonera AB will post 0.45 earnings per share for the current year.

About TeliaSonera

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.