TeliaSonera (OTCMKTS:TLSNY) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

TeliaSonera AB (OTCMKTS:TLSNYGet Free Report)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.98 and traded as high as $8.51. TeliaSonera shares last traded at $8.47, with a volume of 19,332 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Citigroup upgraded shares of TeliaSonera to a “hold” rating in a research report on Friday, September 12th. Wall Street Zen upgraded TeliaSonera from a “hold” rating to a “buy” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on TLSNY

TeliaSonera Trading Up 0.4%

The firm’s fifty day moving average price is $7.98 and its two-hundred day moving average price is $7.58. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 1.45.

TeliaSonera (OTCMKTS:TLSNYGet Free Report) last issued its earnings results on Thursday, October 23rd. The technology company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.10 billion. TeliaSonera had a return on equity of 10.49% and a net margin of 5.48%. Equities analysts anticipate that TeliaSonera AB will post 0.34 EPS for the current year.

TeliaSonera Company Profile

(Get Free Report)

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.

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