Telia Company AB (publ) (OTCMKTS:TLSNY) Rating Increased to Buy at UBS Group

Telia Company AB (publ) (OTCMKTS:TLSNYGet Rating) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a report released on Thursday, The Fly reports.

Several other analysts also recently commented on the stock. Barclays dropped their price objective on shares of Telia Company AB (publ) from SEK 45 to SEK 43 in a report on Friday, April 1st. JPMorgan Chase & Co. dropped their price objective on shares of Telia Company AB (publ) from SEK 34 to SEK 33 and set an “underweight” rating on the stock in a report on Friday, January 21st. Berenberg Bank raised shares of Telia Company AB (publ) from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Finally, Zacks Investment Research raised shares of Telia Company AB (publ) from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a report on Thursday, May 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Telia Company AB (publ) presently has a consensus rating of “Hold” and an average target price of $30.29.

Telia Company AB (publ) stock traded down $0.14 during mid-day trading on Thursday, reaching $8.04. 139,044 shares of the company traded hands, compared to its average volume of 52,089. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.99 and a quick ratio of 0.94. Telia Company AB has a fifty-two week low of $6.76 and a fifty-two week high of $9.16. The company has a market capitalization of $16.44 billion, a price-to-earnings ratio of 12.00 and a beta of 0.23. The firm’s fifty day moving average is $8.00 and its two-hundred day moving average is $7.83.

About Telia Company AB (publ) (Get Rating)

Telia Company AB (publ) provides communication services in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia. The company offers mobile, broadband, television, and fixed-line services to businesses, individuals, families, and communities. It provides networking, cloud and security, mobility, enterprise mobile network, contact center, managed mobility services, collaboration solutions, enterprise telephony, Internet of Things (IoT), carrier ethernet, dedicated internet access, wavelengths, IP Transit, dark fiber, colocation, and IoT connectivity solutions, as well as broadcasting and content production services, and customer financing services.

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