TeliaSonera AB (OTCMKTS:TLSNY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of TeliaSonera AB (OTCMKTS:TLSNY) have earned a consensus recommendation of “Hold” from the four ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a strong buy recommendation to the company.

A number of research firms have recently issued reports on TLSNY. Citigroup raised shares of TeliaSonera to a “strong-buy” rating in a research report on Thursday, May 7th. Berenberg Bank downgraded shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a report on Friday, June 12th. Finally, Barclays upgraded TeliaSonera from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd.

TeliaSonera Stock Performance

TLSNY stock opened at $9.12 on Monday. The firm has a market cap of $17.93 billion, a PE ratio of 33.78 and a beta of 0.36. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.33. The stock has a 50-day moving average price of $10.02 and a 200-day moving average price of $9.88. TeliaSonera has a 1-year low of $6.74 and a 1-year high of $10.98.

TeliaSonera (OTCMKTS:TLSNY) last released its earnings results on Friday, July 17th. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.14 billion. TeliaSonera had a return on equity of 9.10% and a net margin of 6.26%. As a group, equities research analysts expect that TeliaSonera will post 0.45 earnings per share for the current 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.