TeliaSonera (OTCMKTS:TLSNY) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

TeliaSonera (OTCMKTS:TLSNY) released its quarterly earnings results on Friday. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01, Zacks reports. TeliaSonera had a net margin of 5.98% and a return on equity of 8.67%.

TeliaSonera Stock Down 2.3%

OTCMKTS:TLSNY opened at $9.28 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 1.33. TeliaSonera has a 12-month low of $6.67 and a 12-month high of $10.98. The stock’s fifty day simple moving average is $10.17 and its 200-day simple moving average is $9.85. The firm has a market capitalization of $18.25 billion, a P/E ratio of 37.12 and a beta of 0.36.

Analyst Ratings Changes

A number of brokerages recently commented on TLSNY. Citigroup upgraded 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 shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Two investment 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 company. Based on data from MarketBeat.com, TeliaSonera 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.