Barclays Upgrades TeliaSonera (OTCMKTS:TLSNY) to Hold

TeliaSonera (OTCMKTS:TLSNY) was upgraded by research analysts at Barclays from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other analysts have also weighed in on TLSNY. Berenberg Bank lowered shares of TeliaSonera from a “hold” rating to a “strong sell” rating in a research note on Friday, June 12th. Citigroup raised shares of TeliaSonera to a “strong-buy” rating in a report on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

TeliaSonera Trading Down 1.2%

OTCMKTS TLSNY opened at $9.96 on Tuesday. The company’s fifty day simple moving average is $10.41 and its 200-day simple moving average is $9.71. The stock has a market cap of $19.58 billion, a P/E ratio of 39.84 and a beta of 0.35. TeliaSonera has a 52 week low of $6.67 and a 52 week high of $10.98. The company has a current ratio of 0.74, a quick ratio of 0.69 and a debt-to-equity ratio of 1.33.

TeliaSonera (OTCMKTS:TLSNY) last announced its earnings results on Friday, April 24th. The technology company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). TeliaSonera had a net margin of 5.98% and a return on equity of 8.67%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.21 billion. Equities research analysts predict that TeliaSonera will post 0.49 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.