TeliaSonera (OTCMKTS:TLSNY) Announces Quarterly Earnings Results

TeliaSonera (OTCMKTS:TLSNYGet Free Report) issued its quarterly earnings results on Thursday. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.16), reports. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.32 billion. TeliaSonera had a net margin of 5.48% and a return on equity of 10.49%.

TeliaSonera Stock Performance

TLSNY opened at $8.99 on Friday. The company has a 50-day moving average of $8.36 and a 200-day moving average of $7.81. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.90 and a quick ratio of 0.85. TeliaSonera has a 1-year low of $5.68 and a 1-year high of $9.34.

Analyst Ratings Changes

A number of brokerages recently weighed in on TLSNY. UBS Group cut TeliaSonera from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Wall Street Zen raised TeliaSonera from a “hold” rating to a “buy” rating in a research note on Wednesday, November 5th. Finally, Citigroup raised shares of TeliaSonera from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

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About TeliaSonera

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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.

Further Reading

Earnings History for TeliaSonera (OTCMKTS:TLSNY)

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