TeliaSonera (OTCMKTS:TLSNY) Announces Quarterly Earnings Results

TeliaSonera (OTCMKTS:TLSNY) released its earnings results on Friday. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01, Zacks reports. TeliaSonera had a net margin of 5.98% and a return on equity of 8.67%. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.14 billion.

TeliaSonera Price Performance

TLSNY opened at $9.48 on Friday. TeliaSonera has a 52-week low of $6.74 and a 52-week high of $10.98. The company has a 50 day moving average of $10.15 and a two-hundred day moving average of $9.85. The company has a market cap of $18.64 billion, a P/E ratio of 37.92 and a beta of 0.36. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 1.33.

Wall Street Analyst Weigh In

TLSNY has been the topic of a number of recent analyst reports. Citigroup raised shares of TeliaSonera to a “strong-buy” rating in a research note on Thursday, May 7th. Berenberg Bank cut shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. Finally, Barclays raised TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, TeliaSonera currently has an average rating of “Moderate Buy”.

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.