TELIA Co A B/ADR (TLSNY) Upgraded by Zacks Investment Research to Hold

TELIA Co A B/ADR (OTCMKTS:TLSNY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.

According to Zacks, “Telia Company AB provides network access and telecommunication services. The company also offers mobile and broadband; and fixed services, including telephony, data and TV services. It operates primarily in Sweden and Europe. Telia Company AB, formerly known as TeliaSonera AB, is headquartered in Stockholm, Sweden. “

Separately, Barclays cut TELIA Co A B/ADR from an “equal weight” rating to an “underweight” rating in a research report on Thursday, October 25th.

TLSNY traded down $0.05 on Friday, hitting $9.22. 43,213 shares of the company were exchanged, compared to its average volume of 56,401. TELIA Co A B/ADR has a twelve month low of $8.55 and a twelve month high of $10.14. The stock has a market capitalization of $20.17 billion, a price-to-earnings ratio of 20.94 and a beta of 0.65. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.82 and a quick ratio of 1.77.

TELIA Co A B/ADR (OTCMKTS:TLSNY) last released its earnings results on Friday, October 19th. The technology company reported $0.13 EPS for the quarter. The firm had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.22 billion. TELIA Co A B/ADR had a return on equity of 10.41% and a net margin of 6.30%. On average, research analysts anticipate that TELIA Co A B/ADR will post 0.57 earnings per share for the current year.

About TELIA Co A B/ADR

Telia Company AB (publ) provides network access, telecommunications, and other services primarily in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Mexico. It offers mobile, broadband, TV, and fixed-line services to businesses, individuals, families, and communities. The company also develops and maintains fiber and cable networks; and provides international carrier, cloud, identity and access rights management, ICT, smart public transport, and customer financing services, as well as IT equipment and services.

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