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

TeliaSonera AB (OTCMKTS:TLSNY)’s share price gapped down prior to trading on Monday . The stock had previously closed at $10.38, but opened at $9.9775. TeliaSonera shares last traded at $10.3375, with a volume of 1,828 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on TLSNY shares. Citigroup raised TeliaSonera from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. UBS Group lowered shares of TeliaSonera from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, TeliaSonera currently has a consensus rating of “Buy”.

TeliaSonera Trading Up 1.6%

The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.50. The stock has a market capitalization of $20.74 billion, a PE ratio of 58.61 and a beta of 0.33. The stock has a 50 day moving average price of $9.87 and a 200-day moving average price of $8.65.

TeliaSonera (OTCMKTS:TLSNY) last posted its quarterly earnings data on Thursday, January 29th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). TeliaSonera had a net margin of 4.35% and a return on equity of 8.90%. The firm had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Sell-side analysts expect that TeliaSonera AB will post 0.34 earnings per share for the current 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.