Berenberg Bank Reiterates Sell Rating for Telia Company AB (publ) (OTCMKTS:TLSNY)


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Telia Company AB (publ) (OTCMKTS:TLSNY)‘s stock had its “sell” rating reaffirmed by equities researchers at Berenberg Bank in a note issued to investors on Tuesday, The Fly reports.

A number of other analysts have also weighed in on TLSNY. Zacks Investment Research lowered shares of Telia Company AB (publ) from a “hold” rating to a “sell” rating in a report on Wednesday, January 20th. JPMorgan Chase & Co. lowered shares of Telia Company AB (publ) from a “neutral” rating to an “underweight” rating in a report on Thursday, February 18th. Credit Suisse Group reissued an “underperform” rating on shares of Telia Company AB (publ) in a report on Wednesday, November 4th. Morgan Stanley reissued an “underweight” rating on shares of Telia Company AB (publ) in a report on Tuesday, February 2nd. Finally, Barclays reissued an “overweight” rating on shares of Telia Company AB (publ) in a report on Monday, February 1st. Five analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.50.

Shares of OTCMKTS TLSNY traded up $0.03 during mid-day trading on Tuesday, hitting $8.31. 179,521 shares of the stock were exchanged, compared to its average volume of 49,771. The company has a market cap of $17.38 billion, a P/E ratio of 48.89 and a beta of 0.38. The stock’s fifty day simple moving average is $8.49 and its two-hundred day simple moving average is $8.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.01 and a current ratio of 1.05. Telia Company AB has a twelve month low of $6.12 and a twelve month high of $9.04.

Telia Company AB (publ) (OTCMKTS:TLSNY) last posted its quarterly earnings data on Friday, January 29th. The technology company reported ($1.39) earnings per share for the quarter. The firm had revenue of $2.73 billion for the quarter. Telia Company AB (publ) had a return on equity of 3.78% and a net margin of 3.45%. As a group, equities research analysts predict that Telia Company AB will post 0.18 earnings per share for the current fiscal year.

About Telia Company AB (publ)

Telia Company AB (publ) provides communication services in Sweden, Finland, Norway, Denmark, Lithuania, and Estonia. The company offers mobile, broadband, television, and fixed telephony services to businesses, individuals, families, and communities. It is also involved in the broadcasting and content activities; and financing business.

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The Fly

Analyst Recommendations for Telia Company AB (publ) (OTCMKTS:TLSNY)

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