TeliaSonera (OTCMKTS:TLSNY) Sees Strong Trading Volume – What’s Next?

TeliaSonera AB (OTCMKTS:TLSNY) shares saw strong trading volume on Tuesday. 181,606 shares traded hands during trading, an increase of 154% from the previous session’s volume of 71,447 shares. The stock last traded at $8.73 and had previously closed at $8.54.

Analyst Ratings Changes

Separately, Barclays raised shares of TeliaSonera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

TeliaSonera Stock Up 2.0%

The firm’s 50-day simple moving average is $9.12 and its 200 day simple moving average is $9.74. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.62 and a current ratio of 0.66. The company has a market cap of $17.13 billion, a P/E ratio of 32.28 and a beta of 0.37.

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

About TeliaSonera

TeliaSonera, now known as Telia Company AB, is a telecommunications and digital services provider headquartered in Sweden. The company offers mobile and fixed-line communications, broadband, data connectivity, television, digital content, and information technology services to consumers, businesses, and public-sector organizations.

Its consumer operations provide mobile voice and data services, home broadband, television, and related digital products. Telia also serves enterprise customers with telecommunications networks, cloud connectivity, security, managed services, and other communications solutions.