TeliaSonera (OTCMKTS:TLSNY) Cut to Hold at UBS Group

TeliaSonera (OTCMKTS:TLSNY) was downgraded by research analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Wall Street Zen upgraded TeliaSonera from a “hold” rating to a “buy” rating in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

TeliaSonera Trading Down 2.5%

TLSNY stock opened at $8.30 on Tuesday. TeliaSonera has a one year low of $5.33 and a one year high of $8.81. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.85 and a current ratio of 0.90. The firm’s fifty day moving average is $8.13 and its 200 day moving average is $7.67.

TeliaSonera (OTCMKTS:TLSNY) last posted its earnings results on Thursday, October 23rd. The technology company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. TeliaSonera had a net margin of 5.48% and a return on equity of 10.49%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.10 billion. On average, sell-side analysts forecast 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.