TeliaSonera (OTCMKTS:TLSNY) Sees Large Volume Increase – Here’s Why

Shares of TeliaSonera AB (OTCMKTS:TLSNY) saw strong trading volume on Tuesday . Approximately 206,421 shares changed hands during trading, an increase of 274% from the previous session’s volume of 55,244 shares.The stock last traded at $9.2150 and had previously closed at $9.22.

Analyst Ratings Changes

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

TeliaSonera Trading Down 0.1%

The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.33. The business has a 50 day moving average of $10.34 and a 200-day moving average of $9.79. The firm has a market capitalization of $18.11 billion, a P/E ratio of 36.84 and a beta of 0.36.

TeliaSonera (OTCMKTS:TLSNY) last posted its quarterly earnings data on Friday, April 24th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.21 billion. TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%. Analysts anticipate that TeliaSonera AB will post 0.49 EPS for the current fiscal year.

TeliaSonera Company Profile

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.