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

Shares of TeliaSonera AB (OTCMKTS:TLSNY) reached a new 52-week high during 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.

Analyst Ratings Changes

TLSNY has been the topic of several analyst reports. UBS Group cut TeliaSonera from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. Citigroup upgraded TeliaSonera from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Two equities 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, the company currently has a consensus rating of “Buy”.

TeliaSonera Stock Performance

The stock has a market cap of $20.17 billion, a P/E ratio of 57.00 and a beta of 0.33. The business has a 50 day moving average price of $9.81 and a 200 day moving average price of $8.60. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.50.

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

TeliaSonera Company Profile

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.