Barclays Upgrades TeliaSonera (OTCMKTS:TLSNY) to “Hold”

TeliaSonera (OTCMKTS:TLSNYGet Free Report) was upgraded by research analysts at Barclays from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms also recently issued reports on TLSNY. Berenberg Bank downgraded TeliaSonera from a “hold” rating to a “strong sell” rating in a research report on Friday, June 12th. Citigroup raised TeliaSonera to a “strong-buy” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on TeliaSonera

TeliaSonera Stock Down 1.2%

Shares of TLSNY stock opened at $9.96 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.33. TeliaSonera has a 1 year low of $6.67 and a 1 year high of $10.98. The firm’s fifty day moving average price is $10.41 and its two-hundred day moving average price is $9.71. The firm has a market capitalization of $19.58 billion, a P/E ratio of 39.84 and a beta of 0.35.

TeliaSonera (OTCMKTS:TLSNYGet Free Report) last posted its quarterly earnings data on Friday, April 24th. The technology company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%.The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.21 billion. On average, equities analysts predict that TeliaSonera will post 0.49 EPS for the current fiscal year.

TeliaSonera Company Profile

(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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Analyst Recommendations for TeliaSonera (OTCMKTS:TLSNY)

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