TeliaSonera (TLSNY) Expected to Post Quarterly Earnings on Thursday

TeliaSonera (OTCMKTS:TLSNY) is anticipated to announce its results before the market opens on Thursday, October 22nd. Analysts expect TeliaSonera to post earnings of $0.13 per share and revenue of $2.08 billion for the quarter.

TeliaSonera Stock Up 2.0%

TLSNY stock opened at $9.47 on Wednesday. TeliaSonera has a twelve month low of $7.36 and a twelve month high of $10.98. The company has a quick ratio of 0.62, a current ratio of 0.66 and a debt-to-equity ratio of 1.46. The stock’s 50 day moving average is $9.12 and its 200-day moving average is $9.70. The firm has a market capitalization of $18.62 billion, a PE ratio of 35.69 and a beta of 0.37.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded TeliaSonera from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

About TeliaSonera

TeliaSonera, now known as Telia Company AB, is a Swedish telecommunications and digital services company. It was formed in 2003 through the merger of Sweden’s Telia and Finland’s Sonera and adopted the Telia Company name in 2016. The company provides connectivity and communications services to consumers, businesses and public-sector organizations.

Its offerings include mobile and fixed-line communications, broadband, television and digital entertainment, as well as enterprise networking, cloud, cybersecurity and information technology services.