Telia Company AB (publ) (OTCMKTS:TLSNY) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Telia Company AB (publ) (OTCMKTS:TLSNY)’s share price 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered 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) 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 business’s 50 day simple moving average is $5.67 and its two-hundred day simple moving average is $5.91. The stock has a market capitalization of $12.54 billion, a P/E ratio of 18.76 and a beta of 0.49.

Telia Company AB (publ) (OTCMKTS:TLSNY) last announced its earnings results on Thursday, January 30th. The technology company reported ($0.02) earnings per share 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%. As a group, sell-side analysts forecast 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 issued a $0.0893 dividend. The ex-dividend date of this dividend is Friday, February 7th. Telia Company AB (publ)’s payout ratio is currently 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.