TELIA Co A B/ADR (OTCMKTS:TLSNY) Stock Price Crosses Above 50 Day Moving Average of $8.78

TELIA Co A B/ADR (OTCMKTS:TLSNY) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.78 and traded as high as $8.73. TELIA Co A B/ADR shares last traded at $8.71, with a volume of 29,700 shares changing hands.

Separately, Zacks Investment Research cut shares of TELIA Co A B/ADR from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th.

The firm has a market capitalization of $18.77 billion, a PE ratio of 17.40 and a beta of 0.35. The stock’s fifty day simple moving average is $8.77 and its 200 day simple moving average is $8.73.

TELIA Co A B/ADR (OTCMKTS:TLSNY) last announced its earnings results on Thursday, July 18th. The technology company reported $0.08 EPS for the quarter. The business had revenue of $2.25 billion for the quarter. On average, analysts expect that TELIA Co A B/ADR will post 0.51 EPS for the current fiscal year.

About TELIA Co A B/ADR (OTCMKTS:TLSNY)

Telia Company AB (publ) provides communication services in Sweden, Finland, Norway, Denmark, Lithuania, and Estonia. The company offers mobile, broadband, television, and fixed-line services to businesses, individuals, families, and communities. It also provides contact center, Internet of Things (IoT), hosting, managed Wi-Fi, and cloud and security services; data center and infrastructure services; IP-network solutions and system integration services; and financing solutions.

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