Telia Company AB (publ) (OTCMKTS:TLSNY) Stock Price Passes Below 200-Day Moving Average of $8.65

Telia Company AB (publ) (OTCMKTS:TLSNY)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.65 and traded as low as $8.13. Telia Company AB (publ) shares last traded at $8.15, with a volume of 73,526 shares trading hands.

Several equities analysts have recently weighed in on the stock. Barclays lowered shares of Telia Company AB (publ) from an “overweight” rating to an “equal weight” rating in a report on Monday, September 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Telia Company AB (publ) in a report on Thursday, July 8th. Credit Suisse Group reaffirmed an “underperform” rating on shares of Telia Company AB (publ) in a report on Wednesday, July 28th. Zacks Investment Research lowered shares of Telia Company AB (publ) from a “hold” rating to a “sell” rating in a report on Tuesday, October 5th. Finally, Citigroup raised shares of Telia Company AB (publ) from a “sell” rating to a “neutral” rating in a report on Tuesday, September 14th. Five equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Sell” and a consensus target price of $9.25.

The company has a market cap of $17.03 billion, a PE ratio of -11.57 and a beta of 0.27. The firm’s fifty day moving average is $8.49 and its 200 day moving average is $8.65. The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 1.34.

Telia Company AB (publ) (OTCMKTS:TLSNY) last issued its quarterly earnings results on Wednesday, July 21st. The technology company reported $0.46 EPS for the quarter. The company had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.59 billion. Telia Company AB (publ) had a negative net margin of 14.33% and a negative return on equity of 18.30%. As a group, sell-side analysts anticipate that Telia Company AB will post 0.56 EPS for the current fiscal year.

About Telia Company AB (publ) (OTCMKTS:TLSNY)

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 in the mobile, television, and fixed-line operations. The company was founded in 1853 and is headquartered in Solna, Sweden.

See Also: What are popular green investing opportunities?

Receive News & Ratings for Telia Company AB (publ) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telia Company AB (publ) and related companies with MarketBeat.com's FREE daily email newsletter.