Telia Company AB (publ) (OTCMKTS:TLSNY) Lowered to Hold at Zacks Investment Research

Telia Company AB (publ) (OTCMKTS:TLSNYGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

According to Zacks, “Telia Company AB provides network access and telecommunication services. The company also offers mobile and broadband; and fixed services, including telephony, data and TV services. It operates primarily in Sweden and Europe. Telia Company AB, formerly known as TeliaSonera AB, is headquartered in Stockholm, Sweden. “

Several other brokerages have also issued reports on TLSNY. JPMorgan Chase & Co. decreased their target price on Telia Company AB (publ) from SEK 34 to SEK 33 and set an “underweight” rating for the company in a research report on Friday, January 21st. Barclays cut their price target on Telia Company AB (publ) from SEK 45 to SEK 43 in a research note on Friday, April 1st. UBS Group upgraded Telia Company AB (publ) from a “neutral” rating to a “buy” rating in a research note on Thursday. Finally, Berenberg Bank upgraded Telia Company AB (publ) from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.29.

Shares of Telia Company AB (publ) stock opened at $8.14 on Friday. Telia Company AB has a 1 year low of $6.76 and a 1 year high of $9.16. The firm has a market cap of $16.64 billion, a PE ratio of 12.15 and a beta of 0.23. The stock has a fifty day moving average price of $8.02 and a 200-day moving average price of $7.83. 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 (publ) Company Profile (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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