Telia Company AB (publ) (OTCMKTS:TLSNY) Shares Cross Below Fifty Day Moving Average – What’s Next?

Telia Company AB (publ) (OTCMKTS:TLSNY) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.63 and traded as low as $5.57. Telia Company AB (publ) shares last traded at $5.58, with a volume of 49,809 shares trading hands.

Analyst Upgrades and Downgrades

TLSNY has been the subject of a number of recent research reports. Barclays downgraded Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 6th. New Street Research upgraded Telia Company AB (publ) to a “hold” rating in a report on Thursday, September 26th. Finally, BNP Paribas upgraded shares of Telia Company AB (publ) to a “strong-buy” rating in a research note on Monday, September 16th.

Telia Company AB (publ) Price Performance

The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $10.97 billion, a price-to-earnings ratio of 25.36 and a beta of 0.48. The company’s 50-day simple moving average is $5.63 and its 200 day simple moving average is $5.85.

Telia Company AB (publ) (OTCMKTS:TLSNY) last released its quarterly earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share (EPS) for the quarter. Telia Company AB (publ) had a return on equity of 1.90% and a net margin of 5.37%. The company had revenue of $2.09 billion during the quarter. Equities research analysts forecast that Telia Company AB will post 0.31 EPS for the current year.

About Telia Company AB (publ)

Telia Company AB (publ) provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. It offers mobile, broadband, television, and fixed-line services; and networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, enterprise telephony, Internet of Things (IoT), carrier ethernet, dedicated internet access, wavelengths, IP Transit, dark fiber, and colocation solutions.