TeliaSonera (OTCMKTS:TLSNY) Reaches New 1-Year High – Here’s Why

Shares of TeliaSonera AB (OTCMKTS:TLSNYGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $10.9780 and last traded at $10.45, with a volume of 2019 shares traded. The stock had previously closed at $10.57.

Analysts Set New Price Targets

Separately, Citigroup upgraded TeliaSonera to a “strong-buy” rating in a research report on Thursday, May 7th. Two analysts have 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 presently has an average rating of “Buy”.

Check Out Our Latest Report on TLSNY

TeliaSonera Stock Performance

The stock’s 50 day moving average price is $10.22 and its two-hundred day moving average price is $9.18. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $20.66 billion, a price-to-earnings ratio of 42.04 and a beta of 0.35.

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