TeliaSonera (OTCMKTS:TLSNY) Hits New 12-Month High – What’s Next?

TeliaSonera AB (OTCMKTS:TLSNY)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $10.18 and last traded at $10.11, with a volume of 84162 shares trading hands. The stock had previously closed at $10.05.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TLSNY shares. UBS Group cut TeliaSonera from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Citigroup raised TeliaSonera from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Finally, Wall Street Zen upgraded TeliaSonera from a “hold” rating to a “buy” rating in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy”.

TeliaSonera Stock Up 0.6%

The firm has a 50 day moving average price of $8.95 and a two-hundred day moving average price of $8.11. The company has a current ratio of 0.92, a quick ratio of 0.87 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $19.88 billion, a price-to-earnings ratio of 56.17 and a beta of 0.36.

TeliaSonera (OTCMKTS:TLSNY) last released its earnings results on Thursday, January 29th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). TeliaSonera had a return on equity of 8.90% and a net margin of 4.35%.The firm had revenue of $2.41 billion for the quarter, compared to the consensus estimate of $2.32 billion. On average, equities analysts expect that TeliaSonera AB will post 0.34 earnings per share 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.