Telia Company AB (publ) (OTCMKTS:TLSNY) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Telia Company AB (publ) (OTCMKTS:TLSNY)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TLSNY shares. New Street Research raised Telia Company AB (publ) to a “hold” rating in a report on Thursday, September 26th. BNP Paribas upgraded shares of Telia Company AB (publ) to a “strong-buy” rating in a report on Monday, September 16th. Finally, Barclays lowered shares of Telia Company AB (publ) from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 6th.

Telia Company AB (publ) Price Performance

The company has a market cap of $10.91 billion, a PE ratio of 25.23 and a beta of 0.47. The stock has a fifty day moving average price of $5.68 and a 200-day moving average price of $5.82. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.91 and a quick ratio of 0.86.

Telia Company AB (publ) (OTCMKTS:TLSNY) last released its earnings results on Thursday, October 24th. The technology company reported $0.11 earnings per share (EPS) 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%. On average, equities analysts expect that Telia Company AB will post 0.31 earnings per share for the current 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 paid a $0.099 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Telia Company AB (publ)’s previous dividend of $0.10. Telia Company AB (publ)’s payout ratio is 81.82%.

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.