TeliaSonera (OTCMKTS:TLSNY) Hits New 1-Year High – What’s Next?

Shares of TeliaSonera AB (OTCMKTS:TLSNY) hit a new 52-week high during trading on Monday . The company traded as high as $9.7399 and last traded at $9.7399, with a volume of 4695 shares trading hands. The stock had previously closed at $9.52.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen raised TeliaSonera from a “hold” rating to a “buy” rating in a research note on Wednesday, November 5th. UBS Group cut shares of TeliaSonera from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Citigroup raised shares of TeliaSonera from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

TeliaSonera Trading Up 2.1%

The company has a fifty day moving average of $8.65 and a 200 day moving average of $7.96. The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 1.45.

TeliaSonera (OTCMKTS:TLSNY) last issued its quarterly earnings results on Thursday, January 29th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). TeliaSonera had a return on equity of 8.87% and a net margin of 4.35%.The firm had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.32 billion. As a group, sell-side analysts anticipate that TeliaSonera AB will post 0.34 EPS 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.