TeliaSonera (OTCMKTS:TLSNY) Sets New 1-Year High – Time to Buy?

TeliaSonera AB (OTCMKTS:TLSNYGet Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $10.79 and last traded at $10.79, with a volume of 381 shares trading hands. The stock had previously closed at $10.10.

Analyst Upgrades and Downgrades

TLSNY has been the subject of several research reports. Citigroup upgraded TeliaSonera from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. UBS Group downgraded shares of TeliaSonera from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Get Our Latest Analysis on TeliaSonera

TeliaSonera Stock Performance

The firm has a 50 day simple moving average of $9.87 and a 200 day simple moving average of $8.63. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.87 and a current ratio of 0.92. The firm has a market cap of $20.41 billion, a P/E ratio of 57.67 and a beta of 0.33.

TeliaSonera (OTCMKTS:TLSNYGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.16). TeliaSonera had a net margin of 4.35% and a return on equity of 8.90%. The company had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.32 billion. On average, equities research analysts predict that TeliaSonera AB will post 0.34 EPS for the current fiscal year.

About TeliaSonera

(Get Free Report)

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.

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