TeliaSonera (OTCMKTS:TLSNY) Hits New 12-Month High – Still a Buy?

TeliaSonera AB (OTCMKTS:TLSNY)’s stock price reached a new 52-week high during trading on Saturday . The stock traded as high as $9.00 and last traded at $9.00, with a volume of 24388 shares changing hands. The stock had previously closed at $8.89.

Analyst Upgrades and Downgrades

TLSNY has been the subject of a number of recent research reports. UBS Group lowered TeliaSonera from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Wall Street Zen upgraded TeliaSonera from a “hold” rating to a “buy” rating in a research report on Wednesday, November 5th. Finally, Citigroup raised TeliaSonera from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, TeliaSonera presently has an average rating of “Buy”.

TeliaSonera Stock Up 1.2%

The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 1.45. The company has a 50 day moving average of $8.24 and a two-hundred day moving average of $7.76.

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