TeliaSonera (OTCMKTS:TLSNY) Shares Gap Up – Should You Buy?

TeliaSonera AB (OTCMKTS:TLSNY) shares gapped up prior to trading on Thursday. The stock had previously closed at $8.71, but opened at $9.13. TeliaSonera shares last traded at $9.15, with a volume of 10,210 shares traded.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

TeliaSonera Stock Performance

The firm has a market cap of $18.30 billion, a P/E ratio of 34.48 and a beta of 0.37. 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 company’s 50-day moving average is $9.11 and its two-hundred day moving average is $9.72.

TeliaSonera (OTCMKTS:TLSNY) last released its quarterly earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $2.15 billion during 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, equities analysts predict that TeliaSonera AB will post 0.43 EPS for the current fiscal 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.