TeliaSonera (OTCMKTS:TLSNY) Hits New 12-Month High – Should You Buy?

TeliaSonera AB (OTCMKTS:TLSNY) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $10.3145 and last traded at $10.28, with a volume of 79180 shares traded. The stock had previously closed at $10.23.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TLSNY. UBS Group downgraded 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. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

TeliaSonera Stock Up 0.5%

The firm has a market cap of $20.21 billion, a P/E ratio of 57.11 and a beta of 0.35. The firm’s 50 day moving average is $9.48 and its two-hundred day moving average is $8.42. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.50.

TeliaSonera (OTCMKTS:TLSNY) last issued its earnings results on Thursday, January 29th. The technology company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.09 by ($0.16). The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $2.32 billion. TeliaSonera had a net margin of 4.35% and a return on equity of 8.90%. As a group, research 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.