TeliaSonera (OTCMKTS:TLSNY) Upgraded to Hold at Barclays

Barclays upgraded shares of TeliaSonera (OTCMKTS:TLSNY) from a strong sell rating to a hold rating in a research note published on Tuesday,Zacks.com reports.

A number of other analysts have also weighed in on the company. Citigroup upgraded TeliaSonera to a “strong-buy” rating in a research note on Thursday, May 7th. Berenberg Bank lowered shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, TeliaSonera has a consensus rating of “Moderate Buy”.

TeliaSonera Trading Down 1.2%

TLSNY opened at $9.96 on Tuesday. The stock has a market cap of $19.58 billion, a price-to-earnings ratio of 39.84 and a beta of 0.35. The stock’s 50 day moving average price is $10.41 and its 200-day moving average price is $9.71. TeliaSonera has a one year low of $6.67 and a one year high of $10.98. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.69 and a current ratio of 0.74.

TeliaSonera (OTCMKTS:TLSNY) last issued its quarterly earnings results on Friday, April 24th. The technology company reported $0.09 earnings per share (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 the consensus estimate of $2.21 billion. On average, equities analysts forecast that TeliaSonera will post 0.49 EPS for the current 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.