TeliaSonera (OTCMKTS:TLSNY) Stock Crosses Above 50-Day Moving Average – Time to Sell?

TeliaSonera AB (OTCMKTS:TLSNY) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.13 and traded as high as $8.37. TeliaSonera shares last traded at $8.30, with a volume of 59,924 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen raised TeliaSonera from a “hold” rating to a “buy” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

TeliaSonera Stock Down 2.5%

The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 1.45. The company’s fifty day moving average price is $8.13 and its two-hundred day moving average price is $7.67.

TeliaSonera (OTCMKTS:TLSNY) last posted its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.10 billion. TeliaSonera had a net margin of 5.48% and a return on equity of 10.49%. As a group, equities research analysts predict that TeliaSonera AB will post 0.34 EPS for the current fiscal 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.