TeliaSonera (OTCMKTS:TLSNY) Reaches New 1-Year High – Time to Buy?

TeliaSonera AB (OTCMKTS:TLSNY) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.9780 and last traded at $10.45, with a volume of 2019 shares changing hands. The stock had previously closed at $10.57.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TLSNY. UBS Group cut TeliaSonera from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Citigroup upgraded shares of TeliaSonera to a “strong-buy” rating in a report on Thursday, May 7th. Two investment analysts have 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, the company presently has an average rating of “Buy”.

TeliaSonera Stock Up 0.2%

The firm has a fifty day moving average price of $10.19 and a 200-day moving average price of $9.14. The company has a quick ratio of 0.69, a current ratio of 0.74 and a debt-to-equity ratio of 1.33. The firm has a market cap of $20.83 billion, a price-to-earnings ratio of 42.38 and a beta of 0.35.

TeliaSonera (OTCMKTS:TLSNY) last announced its quarterly earnings data 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). The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.21 billion. TeliaSonera had a return on equity of 8.67% and a net margin of 5.98%. As a group, sell-side analysts forecast that TeliaSonera AB will post 0.49 EPS for the current 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.