TeliaSonera (OTCMKTS:TLSNY) Reaches New 1-Year High – Still a Buy?

TeliaSonera AB (OTCMKTS:TLSNY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $9.7399 and last traded at $9.7399, with a volume of 4695 shares traded. The stock had previously closed at $9.52.

Analysts Set New Price Targets

Several equities research analysts have commented on TLSNY shares. Citigroup upgraded TeliaSonera from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. UBS Group lowered TeliaSonera from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, Wall Street Zen raised shares of TeliaSonera from a “hold” rating to a “buy” rating in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

TeliaSonera Stock Up 2.0%

The firm has a market cap of $19.10 billion, a price-to-earnings ratio of 53.97 and a beta of 0.36. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.90 and a quick ratio of 0.85. The firm has a 50 day moving average price of $8.55 and a 200-day moving average price of $7.91.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings data on Thursday, January 29th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.16). TeliaSonera had a net margin of 4.35% and a return on equity of 8.87%. The business had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.32 billion. As a group, equities analysts predict that TeliaSonera AB 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.