TeliaSonera (OTCMKTS:TLSNY) Reaches New 1-Year High – Here’s What Happened

Shares of TeliaSonera AB (OTCMKTS:TLSNY) reached a new 52-week high during trading on Tuesday . The company traded as high as $8.81 and last traded at $8.54, with a volume of 21324 shares. The stock had previously closed at $8.54.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup upgraded shares of TeliaSonera to a “hold” rating in a research report on Friday, September 12th. Wall Street Zen raised TeliaSonera from a “hold” rating to a “buy” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, TeliaSonera presently has a consensus rating of “Moderate Buy”.

TeliaSonera Trading Down 0.4%

The firm’s fifty day simple moving average is $8.07 and its 200-day simple moving average is $7.63. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.90 and a quick ratio of 0.85.

TeliaSonera (OTCMKTS:TLSNY) last issued its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. TeliaSonera had a net margin of 5.48% and a return on equity of 10.49%. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.10 billion. On average, equities analysts predict 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.