TeliaSonera (OTCMKTS:TLSNY) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

TeliaSonera AB (OTCMKTS:TLSNY)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.90 and traded as low as $9.25. TeliaSonera shares last traded at $9.2650, with a volume of 66,052 shares.

Wall Street Analysts Forecast Growth

TLSNY has been the subject of a number of recent analyst reports. Berenberg Bank lowered shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. Barclays raised shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

TeliaSonera Stock Performance

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 firm has a market cap of $18.36 billion, a P/E ratio of 34.59 and a beta of 0.37. The business has a fifty day simple moving average of $9.22 and a 200-day simple moving average of $9.89.

TeliaSonera (OTCMKTS:TLSNY) last released its earnings results on Friday, July 17th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. TeliaSonera had a net margin of 6.26% and a return on equity of 9.20%. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.14 billion. On average, sell-side analysts predict that TeliaSonera AB will post 0.45 EPS for the current fiscal year.

TeliaSonera Company Profile

TeliaSonera, now operating under the name Telia Company AB, is a telecommunications and digital services provider headquartered in Solna, Sweden. The company offers mobile and fixed-line communications, broadband, television, and related digital services to consumers, businesses, and public-sector organizations.

Telia’s consumer services include mobile voice and data plans, fiber and fixed broadband, pay television, and home communications solutions. Through its enterprise operations, the company provides connectivity, communications, information technology, and managed services designed to support businesses and government customers.

The company traces its history to Sweden’s former state telecommunications operator, Telia, and Finland’s Sonera.