TeliaSonera (TLSNY) Set to Announce Quarterly Earnings on Thursday

TeliaSonera (OTCMKTS:TLSNY) is projected to announce its results before the market opens on Thursday, October 22nd. Analysts expect TeliaSonera to announce earnings of $0.13 per share and revenue of $2.08 billion for the quarter.

TeliaSonera (OTCMKTS:TLSNY) last released its earnings results on Friday, July 17th. The technology company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.14 billion. TeliaSonera had a net margin of 6.26% and a return on equity of 9.20%. On average, analysts expect TeliaSonera to post $0.43 EPS for the current fiscal year and $0.51 EPS for the next fiscal year.

TeliaSonera Stock Down 0.2%

Shares of TLSNY stock opened at $9.28 on Tuesday. The company has a market capitalization of $18.25 billion, a price-to-earnings ratio of 35.77 and a beta of 0.37. TeliaSonera has a one year low of $7.36 and a one year high of $10.98. The company’s fifty day moving average price is $9.11 and its 200-day moving average price is $9.71. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.66 and a quick ratio of 0.62.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded TeliaSonera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

TeliaSonera Company Profile

TeliaSonera, now known as Telia Company AB, is a Swedish telecommunications and digital services company. It was formed in 2003 through the merger of Sweden’s Telia and Finland’s Sonera and adopted the Telia Company name in 2016. The company provides connectivity and communications services to consumers, businesses and public-sector organizations.

Its offerings include mobile and fixed-line communications, broadband, television and digital entertainment, as well as enterprise networking, cloud, cybersecurity and information technology services.