TeliaSonera (OTCMKTS:TLSNY) Shares Gap Up – Here’s What Happened

TeliaSonera AB (OTCMKTS:TLSNY) gapped up before the market opened on Thursday. The stock had previously closed at $8.71, but opened at $9.13. TeliaSonera shares last traded at $9.15, with a volume of 10,210 shares changing hands.

Wall Street Analyst Weigh In

Separately, Barclays upgraded TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

TeliaSonera Stock Performance

The company has a debt-to-equity ratio of 1.46, a current ratio of 0.66 and a quick ratio of 0.62. The company has a market capitalization of $17.89 billion, a P/E ratio of 33.70 and a beta of 0.37. The business has a 50-day moving average of $9.10 and a 200-day moving average of $9.72.

TeliaSonera (OTCMKTS:TLSNY) last released its earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. TeliaSonera had a net margin of 6.26% and a return on equity of 9.20%. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.14 billion. On average, sell-side analysts anticipate that TeliaSonera AB will post 0.45 EPS 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.