TeliaSonera (OTCMKTS:TLSNY) Upgraded at Citigroup

Citigroup upgraded shares of TeliaSonera (OTCMKTS:TLSNY) from a hold rating to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

Other analysts also recently issued research reports about the company. Wall Street Zen upgraded TeliaSonera from a “hold” rating to a “buy” rating in a research note on Wednesday, November 5th. UBS Group downgraded TeliaSonera from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

TeliaSonera Trading Down 0.4%

Shares of OTCMKTS:TLSNY opened at $8.42 on Wednesday. The business’s 50 day moving average is $8.17 and its 200 day moving average is $7.69. TeliaSonera has a 52-week low of $5.58 and a 52-week high of $8.81. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.90 and a quick ratio of 0.85.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings results on Thursday, October 23rd. The technology company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.10 billion. TeliaSonera had a net margin of 5.48% and a return on equity of 10.49%. Sell-side analysts predict that TeliaSonera will post 0.34 EPS 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.