TeliaSonera (OTCMKTS:TLSNY) Hits New 52-Week High – What’s Next?

Shares of TeliaSonera AB (OTCMKTS:TLSNY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $10.3145 and last traded at $10.28, with a volume of 79180 shares. The stock had previously closed at $10.23.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TLSNY. Citigroup raised shares of TeliaSonera from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. UBS Group downgraded TeliaSonera from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. 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, the company currently has an average rating of “Buy”.

TeliaSonera Stock Performance

The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 57.11 and a beta of 0.35. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.87. The stock has a 50-day moving average of $9.48 and a 200 day moving average of $8.42.

TeliaSonera (OTCMKTS:TLSNY) last released its earnings results on Thursday, January 29th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.16). The business had revenue of $2.41 billion for the quarter, compared to analyst estimates of $2.32 billion. TeliaSonera had a net margin of 4.35% and a return on equity of 8.90%. On average, analysts expect that TeliaSonera AB will post 0.34 EPS for the current 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.