TeliaSonera (OTCMKTS:TLSNY) Stock Price Up 6.5% – Here’s What Happened

Shares of TeliaSonera AB (OTCMKTS:TLSNY) rose 6.5% during mid-day trading on Friday. The stock traded as high as $9.29 and last traded at $9.2733. Approximately 2,813 shares were traded during mid-day trading, a decline of 96% from the average session volume of 73,439 shares. The stock had previously closed at $8.71.

Analyst Ratings Changes

Separately, Barclays upgraded shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. One investment 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, the stock presently has a consensus rating of “Hold”.

TeliaSonera Stock Performance

The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.46. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 34.41 and a beta of 0.37. The stock has a fifty day moving average price of $9.10 and a 200 day moving average price of $9.72.

TeliaSonera (OTCMKTS:TLSNY) last issued its quarterly earnings data on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.14 billion. TeliaSonera had a return on equity of 9.20% and a net margin of 6.26%. As a group, analysts predict that TeliaSonera AB will post 0.43 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.