TeliaSonera (OTCMKTS:TLSNY) Shares Gap Up on Strong Earnings

TeliaSonera AB (OTCMKTS:TLSNY) gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $9.32, but opened at $9.78. TeliaSonera shares last traded at $9.7950, with a volume of 9,432 shares traded.

The technology company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.01. TeliaSonera had a return on equity of 9.20% and a net margin of 6.26%.

TeliaSonera Stock Performance

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 business’s fifty day moving average price is $9.13 and its two-hundred day moving average price is $9.70. The stock has a market capitalization of $19.26 billion, a P/E ratio of 36.28 and a beta of 0.37.

About TeliaSonera

TeliaSonera, now known as Telia Company AB, is a Swedish telecommunications and digital services company. It was formed in 2003 through the merger of Sweden’s Telia and Finland’s Sonera and adopted the Telia Company name in 2016. The company provides connectivity and communications services to consumers, businesses and public-sector organizations.

Its offerings include mobile and fixed-line communications, broadband, television and digital entertainment, as well as enterprise networking, cloud, cybersecurity and information technology services.