TeliaSonera (OTCMKTS:TLSNY) Sets New 52-Week High – Here’s What Happened

Shares of TeliaSonera AB (OTCMKTS:TLSNY) hit a new 52-week high on Tuesday . The company traded as high as $10.18 and last traded at $10.11, with a volume of 84162 shares trading hands. The stock had previously closed at $10.05.

Wall Street Analysts Forecast Growth

TLSNY has been the subject of several recent research reports. Citigroup raised shares of TeliaSonera from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Wall Street Zen upgraded TeliaSonera from a “hold” rating to a “buy” rating in a research note on Wednesday, November 5th. Finally, UBS Group lowered TeliaSonera from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

TeliaSonera Trading Down 2.3%

The stock’s 50-day moving average is $9.06 and its 200 day moving average is $8.16. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.87.

TeliaSonera (OTCMKTS:TLSNY) last released its quarterly earnings data on Thursday, January 29th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.16). TeliaSonera had a net margin of 4.35% and a return on equity of 8.90%. The company had revenue of $2.41 billion during the quarter, compared to analyst estimates of $2.32 billion. On average, research analysts forecast 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.