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Telia Company AB (publ) (OTCMKTS:TLSNY) Shares Pass Below 50-Day Moving Average - Here's Why

Telia Company AB (publ) logo with Computer and Technology background

Telia Company AB (publ) (OTCMKTS:TLSNY - Get Free Report)'s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.68 and traded as low as $5.50. Telia Company AB (publ) shares last traded at $5.55, with a volume of 17,837 shares trading hands.

Analyst Upgrades and Downgrades

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

View Our Latest Analysis on TLSNY

Telia Company AB (publ) Trading Up 1.3 %

The stock has a market capitalization of $10.91 billion, a PE ratio of 25.23 and a beta of 0.48. The company has a current ratio of 0.91, a quick ratio of 0.86 and a debt-to-equity ratio of 1.66. The firm has a 50-day moving average price of $5.68 and a 200-day moving average price of $5.82.

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

Telia Company AB (publ) Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st were given a $0.099 dividend. This is an increase from Telia Company AB (publ)'s previous dividend of $0.10. The ex-dividend date was Thursday, October 31st. Telia Company AB (publ)'s dividend payout ratio (DPR) is currently 81.82%.

Telia Company AB (publ) Company Profile

(Get Free Report)

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.

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