TeliaSonera (OTCMKTS:TLSNY) Lowered to “Hold” Rating by UBS Group

UBS Group cut shares of TeliaSonera (OTCMKTS:TLSNY) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

Separately, Wall Street Zen raised TeliaSonera from a “hold” rating to a “buy” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

TeliaSonera Price Performance

Shares of TLSNY stock traded up $0.29 during midday trading on Tuesday, reaching $8.59. 6,053 shares of the company were exchanged, compared to its average volume of 35,592. The company’s 50 day moving average price is $8.13 and its two-hundred day moving average price is $7.67. TeliaSonera has a 12 month low of $5.43 and a 12 month high of $8.81. 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 posted its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. TeliaSonera had a net margin of 5.48% and a return on equity of 10.49%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.10 billion. As a group, analysts forecast that TeliaSonera will post 0.34 EPS for the current fiscal year.

TeliaSonera Company Profile

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.