TeliaSonera (OTCMKTS:TLSNY) Shares Cross Above 50 Day Moving Average – Should You Sell?

TeliaSonera AB (OTCMKTS:TLSNY) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.66 and traded as high as $10.05. TeliaSonera shares last traded at $10.01, with a volume of 44,698 shares.

Wall Street Analyst Weigh In

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

TeliaSonera Stock Performance

The firm’s 50 day moving average price is $9.66 and its 200-day moving average price is $8.52. The firm has a market cap of $19.68 billion, a price-to-earnings ratio of 55.61 and a beta of 0.35. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.87.

TeliaSonera (OTCMKTS:TLSNY) last issued its quarterly earnings results on Thursday, January 29th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). The company had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.32 billion. TeliaSonera had a net margin of 4.35% and a return on equity of 8.90%. On average, analysts anticipate that TeliaSonera AB will post 0.34 earnings per share for the current year.

TeliaSonera Company Profile

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.