TeliaSonera (OTCMKTS:TLSNY) Releases Earnings Results, Misses Expectations By $0.16 EPS

by · The Markets Daily

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

TeliaSonera Stock Performance

Shares of OTCMKTS TLSNY traded down $0.26 during mid-day trading on Thursday, reaching $9.01. 14,559 shares of the company traded hands, compared to its average volume of 49,980. TeliaSonera has a fifty-two week low of $5.68 and a fifty-two week high of $9.34. The stock has a fifty day simple moving average of $8.34 and a 200-day simple moving average of $7.80. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.90 and a quick ratio of 0.85.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen raised TeliaSonera from a “hold” rating to a “buy” rating in a report on Wednesday, November 5th. Citigroup upgraded TeliaSonera from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Finally, UBS Group cut TeliaSonera from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, TeliaSonera presently has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on TeliaSonera

About TeliaSonera

(Get Free Report)

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.

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