TeliaSonera (OTCMKTS:TLSNY) Upgraded to Strong-Buy at Citigroup

Citigroup upgraded shares of TeliaSonera (OTCMKTS:TLSNY) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Wall Street Zen raised shares of TeliaSonera from a “hold” rating to a “buy” rating in a report on Wednesday, November 5th. UBS Group downgraded shares of TeliaSonera from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, TeliaSonera presently has a consensus rating of “Buy”.

TeliaSonera Price Performance

Shares of OTCMKTS TLSNY opened at $8.45 on Wednesday. TeliaSonera has a 12-month low of $5.49 and a 12-month high of $8.81. The stock has a 50 day simple moving average of $8.16 and a 200-day simple moving average of $7.68. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 1.45.

TeliaSonera (OTCMKTS:TLSNY) last announced its earnings results on Thursday, October 23rd. The technology company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. TeliaSonera had a return on equity of 10.49% and a net margin of 5.48%.The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.10 billion. On average, equities analysts expect that TeliaSonera will post 0.34 earnings per share for the current 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.