TeliaSonera (OTCMKTS:TLSNY) Shares Gap Up on Strong Earnings

TeliaSonera AB (OTCMKTS:TLSNY)’s stock price gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $9.32, but opened at $9.78. TeliaSonera shares last traded at $9.7950, with a volume of 9,432 shares changing hands.

The technology company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. TeliaSonera had a net margin of 6.26% and a return on equity of 9.20%.

TeliaSonera Trading Up 5.1%

The stock has a market cap of $19.26 billion, a PE ratio of 36.28 and a beta of 0.37. The stock has a 50-day moving average price of $9.13 and a two-hundred day moving average price of $9.70. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.66 and a quick ratio of 0.62.

TeliaSonera Company Profile

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.