TeliaSonera (OTCMKTS:TLSNY) Reaches New 12-Month High – Still a Buy?

TeliaSonera AB (OTCMKTS:TLSNY) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $8.81 and last traded at $8.54, with a volume of 21324 shares. The stock had previously closed at $8.54.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup upgraded TeliaSonera to a “hold” rating in a research note on Friday, September 12th. Wall Street Zen raised shares of TeliaSonera from a “hold” rating to a “buy” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, TeliaSonera currently has a consensus rating of “Moderate Buy”.

TeliaSonera Price Performance

The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.85 and a current ratio of 0.90. The firm’s fifty day moving average is $8.05 and its two-hundred day moving average is $7.62. The company has a market cap of $16.79 billion, a P/E ratio of 37.13 and a beta of 0.35.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. TeliaSonera had a net margin of 5.48% and a return on equity of 10.49%. The business had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.10 billion. As a group, analysts anticipate that TeliaSonera AB will post 0.34 earnings per share for the current fiscal year.

About TeliaSonera

TeliaSonera (OTCMKTS:TLSNY) operates under the Telia Company brand as one of the leading telecommunications providers in the Nordic and Baltic regions. The company delivers a wide range of services, including mobile and fixed voice communications, broadband internet, television and streaming offerings, and enterprise-grade data and IP solutions. Its consumer segment focuses on mobile subscriptions, digital TV packages and home connectivity, while its business division provides managed network services, cloud platforms and Internet of Things (IoT) applications.

The roots of TeliaSonera trace back to the 19th century with Sweden’s Royal Telegraph Agency and Finland’s national carrier, Sonera.