Telia Company AB (publ) (OTCMKTS:TLSNY) Shares Pass Below Two Hundred Day Moving Average of $5.55

Telia Company AB (publ) (OTCMKTS:TLSNYGet Rating)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.55 and traded as low as $5.02. Telia Company AB (publ) shares last traded at $5.05, with a volume of 142,939 shares traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TLSNY shares. Citigroup began coverage on shares of Telia Company AB (publ) in a report on Wednesday, January 4th. They set a “sell” rating on the stock. The Goldman Sachs Group lowered shares of Telia Company AB (publ) from a “buy” rating to a “neutral” rating in a report on Wednesday, December 14th. Morgan Stanley decreased their price target on shares of Telia Company AB (publ) from SEK 30 to SEK 29 and set an “underweight” rating for the company in a report on Friday, January 13th. Sanford C. Bernstein cut shares of Telia Company AB (publ) from a “market perform” rating to an “underperform” rating in a research report on Friday, February 3rd. Finally, UBS Group cut shares of Telia Company AB (publ) from a “buy” rating to a “neutral” rating in a report on Wednesday, January 11th. Five analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $33.25.

Telia Company AB (publ) Stock Performance

The stock’s 50-day simple moving average is $5.15 and its 200-day simple moving average is $5.55. The stock has a market cap of $10.29 billion, a price-to-earnings ratio of -7.43, a price-to-earnings-growth ratio of 0.38 and a beta of 0.29. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.40.

Telia Company AB (publ) (OTCMKTS:TLSNYGet Rating) last posted its quarterly earnings results on Thursday, January 26th. The technology company reported ($0.89) earnings per share (EPS) for the quarter. The firm had revenue of $2.26 billion for the quarter. Telia Company AB (publ) had a negative return on equity of 15.36% and a negative net margin of 14.49%. Analysts forecast that Telia Company AB will post 0.3 earnings per share for the current fiscal year.

About Telia Company AB (publ)

(Get Rating)

Telia Co AB engages in the provision of network access and telecommunication services. It operates through the following geographical segments: Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and TV and Media. It focuses on mobile, television, and fixed-line operations. The company was founded in 1853 and is headquartered in Solna, Sweden.

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