TeliaSonera (OTCMKTS:TLSNY) Hits New 12-Month High – Here’s What Happened

TeliaSonera AB (OTCMKTS:TLSNY)’s share price hit a new 52-week high on Saturday . The stock traded as high as $9.00 and last traded at $9.00, with a volume of 24388 shares changing hands. The stock had previously closed at $8.89.

Wall Street Analysts Forecast Growth

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

TeliaSonera Stock Performance

The stock has a market cap of $17.69 billion, a price-to-earnings ratio of 39.13 and a beta of 0.35. The company’s 50-day simple moving average is $8.24 and its 200-day simple moving average is $7.75. 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 released its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $2.12 billion during the quarter, compared to analyst estimates of $2.10 billion. TeliaSonera had a return on equity of 10.49% and a net margin of 5.48%. Analysts predict 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.