Telia Company AB (publ) (OTCMKTS:TLSNY) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Shares of Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.90 and traded as high as $6.38. Telia Company AB (publ) shares last traded at $6.38, with a volume of 9,915 shares traded.

Analysts Set New Price Targets

Separately, Barclays downgraded Telia Company AB (publ) from a "hold" rating to a "strong sell" rating in a research report on Wednesday, November 6th.

Telia Company AB (publ) Stock Up 1.4 %

The company has a market cap of $12.54 billion, a PE ratio of 18.76 and a beta of 0.49. 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 50-day moving average of $5.68 and a 200-day moving average of $5.91.

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The technology company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.07). Telia Company AB (publ) had a return on equity of 6.62% and a net margin of 7.95%. Sell-side analysts predict that Telia Company AB will post 0.37 earnings per share for the current fiscal year.

Telia Company AB (publ) Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, February 7th will be paid a dividend of $0.0893 per share. The ex-dividend date is Friday, February 7th. Telia Company AB (publ)'s dividend payout ratio (DPR) is presently 55.88%.

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.