TeliaSonera (OTCMKTS:TLSNY) Reaches New 52-Week High – Still a Buy?

Shares of TeliaSonera AB (OTCMKTS:TLSNY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $10.79 and last traded at $10.79, with a volume of 381 shares trading hands. The stock had previously closed at $10.10.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup upgraded TeliaSonera from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. UBS Group downgraded shares of TeliaSonera from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Two 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, TeliaSonera presently has a consensus rating of “Buy”.

TeliaSonera Trading Up 1.6%

The stock has a market cap of $20.17 billion, a price-to-earnings ratio of 57.00 and a beta of 0.33. 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 company’s fifty day moving average price is $9.81 and its 200-day moving average price is $8.60.

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