TeliaSonera (OTCMKTS:TLSNY) Shares Gap Down – Should You Sell?

Shares of TeliaSonera AB (OTCMKTS:TLSNY) gapped down before the market opened on Monday . The stock had previously closed at $10.38, but opened at $9.9775. TeliaSonera shares last traded at $10.3375, with a volume of 1,828 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup upgraded TeliaSonera from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. UBS Group downgraded TeliaSonera from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

TeliaSonera Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.50. The company has a market cap of $20.74 billion, a PE ratio of 58.61 and a beta of 0.33. The firm has a 50 day moving average of $9.87 and a two-hundred day moving average of $8.65.

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