TeliaSonera (OTCMKTS:TLSNY) Shares Gap Down – Here’s Why

TeliaSonera AB (OTCMKTS:TLSNY) gapped down prior to trading on Thursday . The stock had previously closed at $9.70, but opened at $9.38. TeliaSonera shares last traded at $9.42, with a volume of 2,412 shares changing hands.

Wall Street Analysts Forecast Growth

TLSNY has been the topic of several research reports. Barclays raised TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Berenberg Bank lowered TeliaSonera from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. Finally, Citigroup upgraded TeliaSonera to a “strong-buy” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

TeliaSonera Trading Up 0.9%

The firm has a market capitalization of $18.50 billion, a price-to-earnings ratio of 37.64 and a beta of 0.37. The business’s 50-day moving average price is $10.37 and its 200 day moving average price is $9.77. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.74 and a quick ratio of 0.69.

TeliaSonera (OTCMKTS:TLSNY) last released its quarterly earnings results on Friday, April 24th. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.21 billion. TeliaSonera had a net margin of 5.98% and a return on equity of 8.67%. On average, equities analysts forecast that TeliaSonera AB will post 0.49 earnings per share for the current fiscal year.

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.