TeliaSonera (OTCMKTS:TLSNY) Upgraded by Barclays to “Hold” Rating

TeliaSonera (OTCMKTS:TLSNY) was upgraded by equities researchers at Barclays from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on TLSNY. Citigroup upgraded shares of TeliaSonera to a “strong-buy” rating in a research report on Thursday, May 7th. Berenberg Bank cut TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

TeliaSonera Stock Down 1.2%

TLSNY stock opened at $9.96 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.33. The company’s 50-day moving average price is $10.41 and its 200 day moving average price is $9.71. TeliaSonera has a 52 week low of $6.67 and a 52 week high of $10.98. The company has a market cap of $19.58 billion, a P/E ratio of 39.84 and a beta of 0.35.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings results on Friday, April 24th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.21 billion. TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%. On average, research analysts expect that TeliaSonera will post 0.49 earnings per share 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.